IR

IAT Reinsurance Portfolio holdings

AUM $445M
This Quarter Return
-2.6%
1 Year Return
-2.45%
3 Year Return
+1.09%
5 Year Return
+97.4%
10 Year Return
+147.3%
AUM
$518M
AUM Growth
+$518M
Cap. Flow
+$29.4M
Cap. Flow %
5.67%
Top 10 Hldgs %
70.82%
Holding
85
New
6
Increased
1
Reduced
3
Closed
2

Top Buys

1
WFC.PRQ
Wells Fargo & Co.
WFC.PRQ
$2.52M
2
SREA
Sempra 5.750% Junior Subordinated Notes due 2079
SREA
$1.44M
3
NI.PRB
NiSource Inc. Depositary Shares representing 1/1,000th ownership interest in a share of 6.50% Series B Preferred Stock and 1/1,000th ownership interest in a share of Series B-1 Preferred Stock
NI.PRB
$630K
4
CSWCZ icon
Capital Southwest 7.75% Notes due 2028
CSWCZ
$503K
5
IEH
INTEGRYS ENERGY GROUP INC 6% JR SUB NT DUE 8-1-2073 (WI)
IEH
$309K

Top Sells

1
BA icon
Boeing
BA
$3.17M
2
DCP.PRB
DCP Midstream, LP 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
DCP.PRB
$747K
3
DTW
DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077
DTW
$712K
4
DUKB
Duke Energy Corporation 5.625% Junior Subordinated Debentures due 2078
DUKB
$628K
5
SLMBP
SLM Corporation Floating-Rate Non-Cumulative Series B
SLMBP
$136K

Sector Composition

1 Financials 25.87%
2 Materials 25.69%
3 Industrials 7.65%
4 Real Estate 6.34%
5 Consumer Discretionary 4.45%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
MERC icon
1
Mercer International
MERC
$223M
$133M 25.69% 16,480,000 – –
GS icon
2
Goldman Sachs
GS
$226B
$36M 6.95% 111,500 – –
NTP
3
DELISTED
Nam Tai Property Inc.
NTP
$31.8M 6.14% 5,774,800 – –
RJF icon
4
Raymond James Financial
RJF
$33.8B
$30.9M 5.98% 298,125 – –
SRL icon
5
Scully Royalty
SRL
$78.2M
$24.9M 4.81% 3,416,664 – –
MTN icon
6
Vail Resorts
MTN
$6.09B
$21.1M 4.09% 84,000 – –
AMGN icon
7
Amgen
AMGN
$155B
$20.5M 3.97% 92,500 – –
HLIO icon
8
Helios Technologies
HLIO
$1.8B
$19.8M 3.83% 300,000 – –
SIGI icon
9
Selective Insurance
SIGI
$4.76B
$19.2M 3.71% 200,000 – –
GLW icon
10
Corning
GLW
$57.4B
$12.9M 2.49% 367,350 – –
JEF icon
11
Jefferies Financial Group
JEF
$13.4B
$12M 2.31% 360,872 – –
XOM icon
12
Exxon Mobil
XOM
$487B
$8.54M 1.65% 79,600 – –
AMD icon
13
Advanced Micro Devices
AMD
$264B
$7.85M 1.52% 68,936 – –
DTW
14
DTE Energy Company 2017 Series E 5.25% Junior Subordinated Debentures due 2077
DTW
$363M
$7.36M 1.42% 310,000 -30,000 -9% -$712K
EMR icon
15
Emerson Electric
EMR
$74.3B
$7.23M 1.4% 80,000 – –
BA icon
16
Boeing
BA
$177B
$5.79M 1.12% 27,400 -15,000 -35% -$3.17M
BX icon
17
Blackstone
BX
$134B
$3.53M 0.68% 38,000 – –
PFSW
18
DELISTED
PFSweb, Inc.
PFSW
$3.39M 0.65% 750,000 – –
TBB
19
AT&T 5.350% Global Notes due 2066
TBB
$1.19B
$3.08M 0.59% 130,000 – –
DCP.PRC
20
DELISTED
DCP Midstream, LP 7.95% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
DCP.PRC
$3.02M 0.58% 120,000 – –
DO
21
DELISTED
Diamond Offshore Drilling, Inc.
DO
$2.97M 0.57% 208,583 – –
ECCV
22
Eagle Point Credit Company Inc. 5.375% Notes due 2029
ECCV
$87.5M
$2.62M 0.51% 120,000 – –
WFC.PRQ
23
DELISTED
Wells Fargo & Co.
WFC.PRQ
$2.52M 0.49% +100,000 New +$2.52M
CVX icon
24
Chevron
CVX
$324B
$2.52M 0.49% 16,000 – –
RILYZ icon
25
B. Riley Financial 5.25% Senior Notes due 2028
RILYZ
$2.48M 0.48% 140,000 – –
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