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Independence Trust Portfolio holdings

AUM $90.5M
1-Year Est. Return 24.37%
This Fund
S&P 500
This Quarter Est. Return
+0.81%
1 Year Est. Return
+24.37%
3 Year Est. Return
+28.93%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$152M
AUM Growth
-$4.69M
Cap. Flow
-$5.33M
Cap. Flow %
-3.51%
Top 10 Hldgs %
54.16%
Holding
121
New
11
Increased
30
Reduced
40
Closed
14

Top Buys

Rank Stock Value
1
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$1.45M
2
GFY
Western Asset Variable Rate Strategic Fund, Inc
GFY
+$1.43M
3
MCR
MFS Charter Income Trust
MCR
+$1.1M
4
DRA
Diversified Real Asset Income Fd
DRA
+$1.04M
5
PPT
Franklin Premier Income Trust
PPT
+$835K

Top Sells

Rank Stock Value
1
MMP
Magellan Midstream Partners, L.P.
MMP
+$1.31M
2
EPD icon
Enterprise Products Partners
EPD
+$1.17M
3
PAA icon
Plains All American Pipeline
PAA
+$1.13M
4
ET icon
Energy Transfer Partners
ET
+$1.1M
5
BPL
Buckeye Partners, L.P.
BPL
+$855K

Sector Composition

Rank Sector Weight
1 Miscellaneous 51.6%
2 Healthcare 8.1%
3 Energy 7.49%
4 Consumer Staples 6.64%
5 Technology 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JQC icon
101
Nuveen Credit Strategies Income Fund
JQC
$701M
$196K 0.13%
+21,987
New +$199K
NLY icon
102
Annaly Capital Management
NLY
$17.4B
$189K 0.12%
4,428
– –
SPXX icon
103
Nuveen S&P 500 Dynamic Overwrite Fund
SPXX
$345M
$183K 0.12%
13,011
– –
FCT
104
DELISTED
First Trust Senior Floating Rate Income Fund II
FCT
$171K 0.11%
+12,599
New +$174K
MIN
105
Aberdeen Intermediate Income Fund
MIN
$279M
$152K 0.1%
30,361
+16,216
+115% +$84.2K
SID icon
106
Companhia Siderúrgica Nacional
SID
$1.41B
$100K 0.07%
28,200
– –
USA icon
107
Liberty All-Star Equity Fund
USA
$1.85B
$74K 0.05%
12,737
– –
EXG icon
108
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG
$3.05B
– –
-14,070
Closed -$146K
GEL icon
109
Genesis Energy
GEL
$2B
– –
-9,017
Closed -$505K
MPLX icon
110
MPLX
MPLX
$60.3B
– –
-7,284
Closed -$470K
MS icon
111
Morgan Stanley
MS
$337B
– –
-6,510
Closed -$210K
WES icon
112
Western Midstream Partners
WES
$19.8B
– –
-5,251
Closed -$329K
SE
113
DELISTED
Spectra Energy Corp Wi
SE
– –
-10,570
Closed -$449K
NGLS
114
DELISTED
TARGA RESOURCES PARTNERS LP COM UTS REPTG LTD PARTERSHIP INT
NGLS
– –
-6,520
Closed -$469K
PCP
115
DELISTED
PRECISION CASTPARTS CORP
PCP
– –
-834
Closed -$211K
RGP
116
DELISTED
REGENCY ENERGY PARTNERS LP COMMON UTS REP LIMITED PART INTS
RGP
– –
-16,438
Closed -$529K
OILT
117
DELISTED
OILTANKING PARTNERS L P UIT LTD PARTNERSHIP INT (DE)
OILT
– –
-8,038
Closed -$380K
SLA
118
DELISTED
AMERICAN SELECT PTFL INC
SLA
– –
-21,892
Closed -$234K
BSP
119
DELISTED
AMERN STRATEGIC INCM PORTF II
BSP
– –
-15,905
Closed -$140K
PSXP
120
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
– –
-3,512
Closed -$265K
VLP
121
DELISTED
Valero Energy Partners LP
VLP
– –
-4,299
Closed -$216K
1 2 3 4
5

Similar funds

AZA
Arthur Zaske & Associates Bingham Farms, Michigan $91.5M AUM 9.44% 1-Year Est. Return
CCM
Conatus Capital Management Greenwich, Connecticut $92.3M AUM 45.31% 1-Year Est. Return
MIM
MPI Investment Management Hinsdale, Illinois $83.5M AUM
YCM
Yorkville Capital Management New York $82.8M AUM 0.41% 1-Year Est. Return
GCM
Goldman Capital Management New York $103M AUM 21.37% 1-Year Est. Return
HIM
Hutchens Investment Management Concord, New Hampshire $106M AUM 27.22% 1-Year Est. Return
MIS
Man Investments (Switzerland) Pfaffikon, Switzerland $107M AUM 0.04% 1-Year Est. Return
CL
Croft-Leominster Baltimore, Maryland $107M AUM 27.94% 1-Year Est. Return

Independence Trust's Q3 2014 Portfolio in Review

As of Q3 2014, Independence Trust held 121 positions worth $152M, down 3% from $156M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Independence Trust withdrew a net $5.33M in Q3 2014, closing 14 positions and reducing 40 holdings. Its most notable exit was REGENCY ENERGY PARTNERS LP COMMON UTS REP LIMITED PART INTS, an estimated $529K position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 52% of assets, up from 44% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Independence Trust opened a new position in MFS Charter Income Trust worth $1.08M.

  • Independence Trust's largest Q3 2014 buy was MFS Charter Income Trust: 121,718 shares worth $1.08M.
  • Independence Trust added most to BlackRock Credit Allocation Income Trust in Q3 2014, an estimated $1.45M increase.
  • Independence Trust's biggest Q3 2014 reduction was Magellan Midstream Partners, L.P., cutting an estimated $1.31M.
  • Independence Trust fully exited REGENCY ENERGY PARTNERS LP COMMON UTS REP LIMITED PART INTS in Q3 2014, selling an estimated $529K.
  • Independence Trust's ten largest holdings make up 54% of its $152M portfolio in Q3 2014.
  • Independence Trust opened 11 new positions and closed 14 in Q3 2014.
  • Independence Trust's portfolio value fell 3% quarter-over-quarter to $152M.

Based on Independence Trust's 13F filing for Q3 2014, filed 14 Oct 2014.