IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
+16.96%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$678M
AUM Growth
+$30.9M
Cap. Flow
-$46.4M
Cap. Flow %
-6.85%
Top 10 Hldgs %
74.79%
Holding
136
New
18
Increased
–
Reduced
22
Closed
16

Top Buys

1
ETP.PRC
Energy Transfer Operating, L.P. 7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetu
ETP.PRC
$3.01M
2
ESGRP
Enstar Group Depositary Shares Rep 1/1000 Preference Shares
ESGRP
$2.02M
3
PRIF.PRA
Priority Income Fund, Inc. 6.375% Series A Term Preferred Stock due 2025
PRIF.PRA
$1.96M
4
RNR.PRF icon
RenaissanceRe Holdings Ltd. Depositary Shares, each Representing a 1/1,000th Interest in a 5.750% Series F Preference Share
RNR.PRF
$1.5M
5
DCP.PRB
DCP Midstream, LP 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
DCP.PRB
$1.5M

Top Sells

1
BRK.A icon
Berkshire Hathaway Class A
BRK.A
$13M
2
MTN icon
Vail Resorts
MTN
$10.1M
3
RJF icon
Raymond James Financial
RJF
$7.38M
4
VTRB
Ventas Realty, Ltd Partnership
VTRB
$3M
5
WFC icon
Wells Fargo
WFC
$2.11M

Sector Composition

1 Materials 42.56%
2 Financials 16.14%
3 Real Estate 9.42%
4 Industrials 6.89%
5 Consumer Discretionary 5.03%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
CBL.PRD
76
DELISTED
CBL& Associates Properties, Inc. Depositary Shares each representing a 1/10th fractional interest of
CBL.PRD
$674K 0.1%
35,000
– –
CTDD icon
77
Qwest Corporation 6.75% Notes due 2057
CTDD
$553M
$666K 0.1%
30,000
– –
KO icon
78
Coca-Cola
KO
$292B
$658K 0.1%
15,000
– –
JPM icon
79
JPMorgan Chase
JPM
$809B
$589K 0.09%
5,655
-8,500
-60% -$885K
NNN icon
80
NNN REIT
NNN
$8.18B
$571K 0.08%
13,000
– –
AVT icon
81
Avnet
AVT
$4.49B
$515K 0.08%
12,000
– –
GBLIZ
82
DELISTED
Global Indemnity Limited 7.75% Subordinated Note Due 2045
GBLIZ
$514K 0.08%
20,000
– –
UZB
83
DELISTED
United States Cellular Corporation 7.25% Senior Notes due 2063
UZB
$512K 0.08%
20,000
– –
VR.PRB.CL
84
DELISTED
Validus Holdings, Ltd.
VR.PRB.CL
$509K 0.08%
20,000
-40,000
-67% -$1.02M
WRB.PRB
85
DELISTED
W.R. BERKLEY CORPORATION 5.625% Subordinated Debentures due 2053
WRB.PRB
$497K 0.07%
20,000
-21,000
-51% -$522K
WRB.PRE icon
86
W.R. Berkley Corporation 5.70% Subordinated Debentures due 2058
WRB.PRE
$178M
$494K 0.07%
20,000
– –
SFB
87
Stifel Financial Corp.5.20 percent Senior Notes due 2047
SFB
$489K 0.07%
20,000
– –
ACGLP
88
DELISTED
Arch Capital Group Ltd. Depositary Shares Representing Interest in 5.25% Non-Cumulative Preferred Se
ACGLP
$480K 0.07%
20,000
– –
ADAMN
89
Adamas Trust, Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
ADAMN
$117M
$473K 0.07%
20,000
– –
HWCPL
90
DELISTED
Hancock Whitney Corporation 5.95% Subordinated Notes due 2045
HWCPL
$383K 0.06%
15,000
– –
GPT.PRA
91
DELISTED
Gramercy Property Trust
GPT.PRA
$381K 0.06%
+15,000
New +$381K
STAG.PRB.CL
92
DELISTED
Stag Industrial, Inc.
STAG.PRB.CL
$376K 0.06%
15,000
-69,000
-82% -$1.73M
ROX
93
DELISTED
Castle Brands, Inc.
ROX
$298K 0.04%
250,000
– –
ALL.PRE.CL
94
DELISTED
Allstate Corporation, The Depositary Shares, each representing a 1/1000th Interest in a share of Fix
ALL.PRE.CL
$259K 0.04%
10,000
– –
THGA
95
DELISTED
THE HANOVER INSURANCE GROUP, INC. 6.35% Subordinated Debentures due 2053
THGA
$256K 0.04%
10,000
-10,000
-50% -$256K
PSB.PRU.CL
96
DELISTED
PS Business Parks, Inc. Depositary Shares Each Representing 1/1000 of a Share of 5.75% Cumulative Pr
PSB.PRU.CL
$252K 0.04%
10,000
– –
MRK icon
97
Merck
MRK
$212B
$90K 0.01%
1,558
– –
ADNT icon
98
Adient
ADNT
$2B
$59K 0.01%
1,193
– –
GM icon
99
General Motors
GM
$55.5B
$48K 0.01%
1,228
– –
VST.WS.A
100
DELISTED
Vistra Corp.Warrants to purchase Common Stock (Expiring February 2, 2024)
VST.WS.A
$41K 0.01%
+33,717
New +$41K
1 2 3
4
5