IR

IAT Reinsurance Portfolio holdings

AUM $445M
1-Year Return 2.45%
This Quarter Return
+0.02%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$686M
AUM Growth
+$8.36M
Cap. Flow
+$12.6M
Cap. Flow %
1.83%
Top 10 Hldgs %
71.26%
Holding
135
New
15
Increased
5
Reduced
11
Closed
6

Top Buys

1
ETP.PRD
Energy Transfer Operating, L.P. 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetu
ETP.PRD
$3.1M
2
DUKB
Duke Energy Corporation 5.625% Junior Subordinated Debentures due 2078
DUKB
$2.5M
3
TBC
AT&T Inc. 5.625% Global Notes due 2067
TBC
$2.48M
4
QVCD icon
QVC, Inc. 6.375% Senior Secured Notes due 2067
QVCD
$2.4M
5
IBM icon
IBM
IBM
$2.4M

Top Sells

1
MTN icon
Vail Resorts
MTN
$8.23M
2
ETP.PRC
Energy Transfer Operating, L.P. 7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetu
ETP.PRC
$3.01M
3
BRK.A icon
Berkshire Hathaway Class A
BRK.A
$1.6M
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
$994K
5
STAG.PRC
Stag Industrial, Inc. 6.875% Series C Cumulative Redeemable Preferred Stock
STAG.PRC
$898K

Sector Composition

1 Materials 40.36%
2 Financials 16.58%
3 Real Estate 8.38%
4 Industrials 7.14%
5 Healthcare 4.52%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
JCI icon
76
Johnson Controls International
JCI
$70.1B
$836K 0.12%
23,874
– –
AGN
77
DELISTED
Allergan plc
AGN
$815K 0.12%
4,278
– –
GBLL
78
DELISTED
Global Indemnity Group, LLC 7.875% Subordinated Notes due 2047
GBLL
$771K 0.11%
30,000
– –
PBY
79
DELISTED
Prospect Capital Corporaton 6.25% Notes due 2028
PBY
$749K 0.11%
30,000
– –
CMSC
80
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078
CMSC
$271M
$747K 0.11%
+30,000
New +$747K
CTDD icon
81
Qwest Corporation 6.75% Notes due 2057
CTDD
$553M
$718K 0.1%
30,000
– –
WPG.PRI
82
DELISTED
Washington Prime Group Inc. 6.875% Series I Cumulative Redeemable Preferred Shares of Beneficial Int
WPG.PRI
$718K 0.1%
35,000
– –
AMH.PRG icon
83
American Homes 4 Rent Series G
AMH.PRG
$109M
$697K 0.1%
30,000
– –
KO icon
84
Coca-Cola
KO
$290B
$693K 0.1%
15,000
– –
BP icon
85
BP
BP
$87.3B
$692K 0.1%
15,710
-227
-1% -$10K
JPM icon
86
JPMorgan Chase
JPM
$805B
$638K 0.09%
5,655
– –
NNN icon
87
NNN REIT
NNN
$8.12B
$583K 0.09%
13,000
– –
CBL.PRD
88
DELISTED
CBL& Associates Properties, Inc. Depositary Shares each representing a 1/10th fractional interest of
CBL.PRD
$554K 0.08%
35,000
– –
AVT icon
89
Avnet
AVT
$4.45B
$537K 0.08%
12,000
– –
VR.PRB.CL
90
DELISTED
Validus Holdings, Ltd.
VR.PRB.CL
$522K 0.08%
20,000
– –
GBLIZ
91
DELISTED
Global Indemnity Limited 7.75% Subordinated Note Due 2045
GBLIZ
$514K 0.07%
20,000
– –
UZB
92
DELISTED
United States Cellular Corporation 7.25% Senior Notes due 2063
UZB
$513K 0.07%
20,000
– –
RNR.PRF icon
93
RenaissanceRe Holdings Ltd. Depositary Shares, each Representing a 1/1,000th Interest in a 5.750% Series F Preference Share
RNR.PRF
$233M
$497K 0.07%
20,000
-40,000
-67% -$994K
WRB.PRB
94
DELISTED
W.R. BERKLEY CORPORATION 5.625% Subordinated Debentures due 2053
WRB.PRB
$489K 0.07%
20,000
– –
WRB.PRE icon
95
W.R. Berkley Corporation 5.70% Subordinated Debentures due 2058
WRB.PRE
$179M
$487K 0.07%
20,000
– –
WRB.PRD
96
DELISTED
W.R. Berkley Corporation5.75% Subordinated Debentures due 2056
WRB.PRD
$487K 0.07%
20,000
-13,000
-39% -$317K
ADAMN
97
Adamas Trust, Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
ADAMN
$117M
$481K 0.07%
20,000
– –
SFB
98
Stifel Financial Corp.5.20 percent Senior Notes due 2047
SFB
$476K 0.07%
20,000
– –
ACGLP
99
DELISTED
Arch Capital Group Ltd. Depositary Shares Representing Interest in 5.25% Non-Cumulative Preferred Se
ACGLP
$462K 0.07%
20,000
– –
HWCPL
100
DELISTED
Hancock Whitney Corporation 5.95% Subordinated Notes due 2045
HWCPL
$376K 0.05%
15,000
– –
1 2 3
4
5