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
GM.WS.B
101
DELISTED
General Motors Company
GM.WS.B
$26K ﹤0.01%
1,145
– –
TDW icon
102
Tidewater
TDW
$2.86B
$16K ﹤0.01%
557
– –
DNOW icon
103
DNOW Inc
DNOW
$1.67B
$15K ﹤0.01%
1,100
– –
KALU icon
104
Kaiser Aluminum
KALU
$1.25B
$7K ﹤0.01%
70
– –
TDW.WS.A
105
DELISTED
Tidewater Inc. Series A Warrants to purchase shares of common stock (expiring July 31, 2023)
TDW.WS.A
$3K ﹤0.01%
903
– –
TDW.WS.B
106
DELISTED
Tidewater Inc. Series B Warrants to purchase shares of common stock (expiring July 31, 2023)
TDW.WS.B
$3K ﹤0.01%
976
– –
DVR
107
DELISTED
CAL DIVE INTERNATIONAL INC COM
DVR
$1K ﹤0.01%
+500,000
New +$1K
STX icon
108
Seagate
STX
$40B
– –
-500
Closed -$29K
ALL.PRG
109
DELISTED
The Allstate Corporation Depositary Shares each representing a 1/1,000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series G
ALL.PRG
– –
-50,000
Closed -$1.25M
OPINI
110
DELISTED
Office Properties Income Trust 5.875% Senior Notes due 2046
OPINI
– –
-36,000
Closed -$916K
CFR.PRA.CL
111
DELISTED
CULLEN/FROST BANKERS, INC. 5.375% SER A Called
CFR.PRA.CL
– –
-30,000
Closed -$748K
ALSN icon
112
Allison Transmission
ALSN
$7.53B
– –
-38,330
Closed -$1.5M
AXS.PRE icon
113
AXIS Capital Holdings Ltd Series E
AXS.PRE
$467M
– –
-60,000
Closed -$1.48M
KHC icon
114
Kraft Heinz
KHC
$32.3B
– –
-10,608
Closed -$661K
MDT icon
115
Medtronic
MDT
$119B
– –
-9,900
Closed -$794K
SOJC
116
The Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077
SOJC
$419M
– –
-20,000
Closed -$486K
SNHNL
117
DELISTED
Senior Housing Properties Trust 6.25% Senior Notes Due 2046
SNHNL
– –
-35,000
Closed -$912K
AFGE.CL
118
DELISTED
American Financial Group, Inc 6 % Subordinated Debentures due 2054 Called for Redemption
AFGE.CL
– –
-20,000
Closed -$517K
SWJ.CL
119
DELISTED
STANLEY BLACK & DECKER, INC. 5.75% Junior Subordinated Debentures due 2052
SWJ.CL
– –
-10,000
Closed -$253K
ALL.PRF.CL
120
DELISTED
The Allstate Corporation Depositary Shares Series F Called for redemption
ALL.PRF.CL
– –
-10,000
Closed -$261K
MBFIO
121
DELISTED
MB Financial Inc. Noncumulative Perpetual Preferred Stock Series C Depositary Shares
MBFIO
– –
-34,500
Closed -$866K
DYN.WS.A
122
DELISTED
Dynegy Inc.
DYN.WS.A
– –
-33,717
Closed -$9K
PRH
123
DELISTED
PRUDENTIAL FINANCIAL, INC. 5.70% DUE 2053
PRH
– –
-20,000
Closed -$503K
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