IR

IAT Reinsurance Portfolio holdings

AUM $445M
This Quarter Return
-4.52%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$520M
AUM Growth
+$520M
Cap. Flow
-$209K
Cap. Flow %
-0.04%
Top 10 Hldgs %
76.26%
Holding
91
New
2
Increased
3
Reduced
3
Closed
11

Top Buys

1
DIS icon
Walt Disney
DIS
$6.3M
2
SRL icon
Scully Royalty
SRL
$1.48M
3
IEH
INTEGRYS ENERGY GROUP INC 6% JR SUB NT DUE 8-1-2073 (WI)
IEH
$470K
4
PZN
Pzena Investment Management, Inc. Class A
PZN
$332K

Top Sells

1
PNC.PRP
THE PNC FINANCIAL SERVICES GROUP, INC.
PNC.PRP
$2.02M
2
DTW
DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077
DTW
$1.13M
3
TBB
AT&T 5.350% Global Notes due 2066
TBB
$959K
4
UNMA
Unum Group 6.250% Junior Subordinated Notes due 2058
UNMA
$727K
5
SREA
Sempra 5.750% Junior Subordinated Notes due 2079
SREA
$711K

Sector Composition

1 Materials 38.95%
2 Financials 24.12%
3 Industrials 6.44%
4 Real Estate 4.93%
5 Healthcare 4.06%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
MERC icon
1
Mercer International
MERC
$223M
$203M 38.95% 16,480,000 – –
GS icon
2
Goldman Sachs
GS
$226B
$32.7M 6.28% 111,500 – –
RJF icon
3
Raymond James Financial
RJF
$33.8B
$29.5M 5.66% 298,125 – –
SRL icon
4
Scully Royalty
SRL
$78.2M
$25.3M 4.86% 3,416,664 +200,000 +6% +$1.48M
NTP
5
DELISTED
Nam Tai Property Inc.
NTP
$24.3M 4.68% 5,774,800 – –
AMGN icon
6
Amgen
AMGN
$155B
$20.9M 4.01% 92,500 – –
MTN icon
7
Vail Resorts
MTN
$6.09B
$18.1M 3.48% 84,000 – –
SIGI icon
8
Selective Insurance
SIGI
$4.76B
$16.3M 3.13% 200,000 – –
HLIO icon
9
Helios Technologies
HLIO
$1.8B
$15.2M 2.92% 300,000 – –
GLW icon
10
Corning
GLW
$57.4B
$10.7M 2.05% 367,350 – –
JEF icon
11
Jefferies Financial Group
JEF
$13.4B
$10.6M 2.05% 360,872 – –
DIS icon
12
Walt Disney
DIS
$213B
$8.47M 1.63% 89,825 +66,755 +289% +$6.3M
DTW
13
DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077
DTW
$363M
$7.68M 1.48% 340,000 -50,000 -13% -$1.13M
PFSW
14
DELISTED
PFSweb, Inc.
PFSW
$6.99M 1.34% 750,000 – –
XOM icon
15
Exxon Mobil
XOM
$487B
$6.95M 1.34% 79,600 – –
EMR icon
16
Emerson Electric
EMR
$74.3B
$5.86M 1.13% 80,000 – –
AMD icon
17
Advanced Micro Devices
AMD
$264B
$4.37M 0.84% 68,936 – –
BA icon
18
Boeing
BA
$177B
$3.32M 0.64% 27,400 – –
BX icon
19
Blackstone
BX
$134B
$3.18M 0.61% 38,000 – –
RILYZ icon
20
B. Riley Financial 5.25% Senior Notes due 2028
RILYZ
$2.94M 0.56% 140,000 – –
ECCV
21
Eagle Point Credit Company Inc. 5.375% Notes due 2029
ECCV
$87.5M
$2.59M 0.5% 120,000 – –
TBB
22
AT&T 5.350% Global Notes due 2066
TBB
$1.19B
$2.4M 0.46% 100,000 -40,000 -29% -$959K
CVX icon
23
Chevron
CVX
$324B
$2.3M 0.44% 16,000 – –
WFC icon
24
Wells Fargo
WFC
$263B
$2.01M 0.39% 50,000 – –
SCHW icon
25
Charles Schwab
SCHW
$174B
$1.8M 0.35% 25,000 – –
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