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
GPT.PRA
101
DELISTED
Gramercy Property Trust
GPT.PRA
$375K 0.05%
15,000
– –
REXR.PRA
102
DELISTED
Rexford Industrial Realty, Inc 5.875% Series A Cumulative Redeemable Preferred Stock
REXR.PRA
$371K 0.05%
15,000
-20,000
-57% -$495K
ROX
103
DELISTED
Castle Brands, Inc.
ROX
$268K 0.04%
250,000
– –
ALL.PRE.CL
104
DELISTED
Allstate Corporation, The Depositary Shares, each representing a 1/1000th Interest in a share of Fix
ALL.PRE.CL
$254K 0.04%
10,000
– –
THGA
105
DELISTED
THE HANOVER INSURANCE GROUP, INC. 6.35% Subordinated Debentures due 2053
THGA
$252K 0.04%
10,000
– –
MRK icon
106
Merck
MRK
$212B
$105K 0.02%
1,558
– –
VST.WS.A
107
DELISTED
Vistra Corp.Warrants to purchase Common Stock (Expiring February 2, 2024)
VST.WS.A
$50K 0.01%
33,717
– –
ADNT icon
108
Adient
ADNT
$2B
$47K 0.01%
1,193
– –
GM icon
109
General Motors
GM
$55.5B
$41K 0.01%
1,228
– –
GM.WS.B
110
DELISTED
General Motors Company
GM.WS.B
$19K ﹤0.01%
1,145
– –
DNOW icon
111
DNOW Inc
DNOW
$1.67B
$18K ﹤0.01%
1,100
– –
TDW icon
112
Tidewater
TDW
$2.86B
$17K ﹤0.01%
557
– –
KALU icon
113
Kaiser Aluminum
KALU
$1.25B
$8K ﹤0.01%
70
– –
TDW.WS.A
114
DELISTED
Tidewater Inc. Series A Warrants to purchase shares of common stock (expiring July 31, 2023)
TDW.WS.A
$4K ﹤0.01%
903
– –
TDW.WS.B
115
DELISTED
Tidewater Inc. Series B Warrants to purchase shares of common stock (expiring July 31, 2023)
TDW.WS.B
$4K ﹤0.01%
976
– –
OAK.PRA
116
Brookfield Oaktree Holdings, LLC 6.625% Series A Preferred units
OAK.PRA
$2.58B
– –
-30,000
Closed -$752K
ETP.PRC
117
DELISTED
Energy Transfer Operating, L.P. 7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetu
ETP.PRC
– –
-120,000
Closed -$3.01M
STAG.PRC
118
DELISTED
Stag Industrial, Inc. 6.875% Series C Cumulative Redeemable Preferred Stock
STAG.PRC
– –
-35,000
Closed -$898K
PSB.PRU.CL
119
DELISTED
PS Business Parks, Inc. Depositary Shares Each Representing 1/1000 of a Share of 5.75% Cumulative Pr
PSB.PRU.CL
– –
-10,000
Closed -$252K
STAG.PRB.CL
120
DELISTED
Stag Industrial, Inc.
STAG.PRB.CL
– –
-15,000
Closed -$376K
DVR
121
DELISTED
CAL DIVE INTERNATIONAL INC COM
DVR
$0 ﹤0.01%
500,000
– –
1 2 3 4
5