MSL

Mackay Shields LLC Portfolio holdings

AUM $3.11B

AUM

$3.11B

AUM Growth

-$283M (-8%)

Cap. Flow

+$69.2M

Cap. Flow % of AUM

2.23%

Top 10 Holdings %Top 10 Hldgs %

20.37%

Holding

158

New

4

Increased

14

Reduced

21

Closed

3

Top Buys

1	MCHPP Microchip Technology Incorporated Depositary Shares Each Representing a 1/20th Interest in a Share of 7.50% Series A Mandatory Convertible Preferred Stock MCHPP	$25.5M
2	HPE.PRC Hewlett Packard Enterprise Company 7.625% Series C Mandatory Convertible Preferred Stock HPE.PRC	$14.5M
3	NBH Neuberger Berman Municipal Fund NBH	$9.79M
4	BlackRock MuniHoldings California Quality Fund MUC	$9.12M
5	Gulfport Energy Corp GPOR	$6.83M

Top Sells

1	Vodafone VOD	$3.75M
2	SPDR Gold Trust GLD	$2.88M
3	iShares Gold Trust IAU	$1.77M
4	Nuveen Municipal Credit Income Fund NZF	$836K
5	BlackRock MuniVest Fund MVF	$800K

Sector Composition

1	Energy	1.89%
2	Technology	0.82%
3	Healthcare	0.51%
4	Communication Services	0.23%
5	Consumer Staples	0.01%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
51	MFM 51 MFS Municipal Income Trust MFM $209M	$1.77M	0.06%	333,155	–	–
52	KTF 52 DWS Municipal Income Trust KTF $349M	$1.63M	0.05%	173,963	–	–
53	53 BlackRock Investment Quality Municipal Trust BKN $183M	$1.06M	0.03%	92,077	New	+$1.06M
54	54 Nuveen New York Quality Municipal Income Fund NAN $345M	$803K	0.03%	70,519	–	–
55	55 BlackRock MuniVest Fund II MVT $211M	$694K	0.02%	65,678	New	+$694K
56	56 Turning Point Brands TPB $1.31B	$404K	0.01%	6,802	–	–
57	57 Invesco Pennsylvania Value Municipal Income Trust VPV $176M	$153K	0%	15,008 -549	-4%	-$5.59K
58	58 Nine Energy Service NINE $22.1M	$136K	0%	120,184	–	–
59	59 SPDR Bloomberg Convertible Securities ETF CWB $3.77B	$0	0%	0 -93,907	Closed	–
60	60 Zillow Z $15.9B	$0	0%	0 -236,272	Closed	–
61	MUI 61 DELISTED BlackRock Municipal Income Fund, Inc. MUI	$0	0%	0 -189,123	Closed	–