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PMLI
Penn Mutual Life Insurance Portfolio holdings
AUM
$125M
Turnover
17.24%
1-Year Est. Return
9.1%
This Fund
S&P 500
This Quarter
Est. Return
+4.7%
1 Year Est. Return
-9.1%
3 Year Est. Return
-1.64%
5 Year Est. Return
-21.53%
10 Year Est. Return
–
AUM
$137M
AUM Growth
-$1.4M
(-1%)
Cap. Flow
-$5.88M
Cap. Flow
% of AUM
-4.29%
Top 10 Holdings %
Top 10 Hldgs %
70.8%
Holding
29
New
3
Increased
5
Reduced
5
Closed
3
Avg Time Held
1.3
years
Top 10 Avg Time Held
1.8
years
Top 20 Avg Time Held
1.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
|
+$5.62M |
| 2 |
BlackRock Resources & Commodities Strategy Trust
BCX
|
+$2.9M |
| 3 |
abrdn Asia-Pacific Income Fund
FAX
|
+$1.97M |
| 4 |
CMO
Capstead Mortgage Corp.
CMO
|
+$1.89M |
| 5 |
Glaukos
GKOS
|
+$728K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HTS
HATTERAS FINANCIAL CORP
HTS
|
+$5.75M |
| 2 |
AGNC Investment
AGNC
|
+$3.08M |
| 3 |
Annaly Capital Management
NLY
|
+$3.02M |
| 4 |
BlackRock Taxable Municipal Bond Trust
BBN
|
+$2.65M |
| 5 |
Armour Residential REIT
ARR
|
+$2.31M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 48.17% |
| 2 | Real Estate | 45.14% |
| 3 | Financials | 5.77% |
| 4 | Healthcare | 0.47% |
| 5 | Energy | 0.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD
$344M
| $15.5M | 11.31% |
1,929,000
+699,000
| +57% | +$5.62M |
2014 Q4
7 quarters
|
|
|
2
abrdn Asia-Pacific Income Fund
FAX
$526M
| $14.3M | 10.42% |
464,167
+63,334
| +16% | +$1.97M |
2014 Q4
7 quarters
|
|
|
3
Annaly Capital Management
NLY
$13.8B
| $11.3M | 8.26% |
269,250
-69,750
| -21% | -$3.02M |
2013 Q2
13 quarters
|
|
|
4
AGNC Investment
AGNC
$10.4B
| $10.9M | 7.97% |
559,000
-157,000
| -22% | -$3.08M |
2013 Q2
13 quarters
|
|
|
NRF
5
DELISTED
NorthStar Realty Finance Corp.
NRF
| $8.47M | 6.18% |
643,000
| – | – |
2014 Q4
7 quarters
|
|
6
Ares Capital
ARCC
$13.5B
| $7.9M | 5.77% |
509,000
| – | – |
2014 Q4
7 quarters
|
|
7
Western Asset Emerging Markets Debt Fund
EMD
$546M
| $7.57M | 5.53% |
465,000
| – | – |
2014 Q4
7 quarters
|
|
8
DELISTED
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
| $7.28M | 5.32% |
357,000
| – | – |
2014 Q4
7 quarters
|
|
9
PIMCO Dynamic Income Fund
PDI
$6.8B
| $7.2M | 5.26% |
253,000
| – | – |
2014 Q4
7 quarters
|
|
10
Chimera Investment
CIM
$703M
| $6.55M | 4.78% |
137,000
+10,667
| +8% | +$522K |
2015 Q2
5 quarters
|
|
11
DoubleLine Income Solutions Fund
DSL
$1.12B
| $5.39M | 3.94% |
281,000
| – | – |
2014 Q4
7 quarters
|
|
12
Starwood Property Trust
STWD
$4.62B
| $5.07M | 3.7% |
225,000
+25,000
| +13% | +$553K |
2016 Q2
1 quarter
|
|
|
13
Armour Residential REIT
ARR
$1.88B
| $4.24M | 3.1% |
37,600
-21,200
| -36% | -$2.31M |
2013 Q2
13 quarters
|
|
|
CMO
14
DELISTED
Capstead Mortgage Corp.
CMO
| $3.92M | 2.86% |
415,000
+190,000
| +84% | +$1.89M |
2014 Q4
7 quarters
|
|
15
Invesco Mortgage Capital
IVR
$603M
| $3.68M | 2.69% |
24,200
| – | – |
2015 Q2
5 quarters
|
|
|
16
BlackRock Resources & Commodities Strategy Trust
BCX
$932M
| $2.96M | 2.16% |
+363,000
| New | +$2.9M |
2016 Q3
0 quarters
|
|
17
PGIM Global High Yield Fund
GHY
$439M
| $2.5M | 1.82% |
165,000
| – | – |
2014 Q4
7 quarters
|
|
|
SFR
18
DELISTED
Starwood Waypoint Homes
SFR
| $2.19M | 1.6% |
97,000
| – | – |
2016 Q2
1 quarter
|
|
19
Blackstone Mortgage Trust
BXMT
$1.78B
| $2.12M | 1.55% |
72,000
| – | – |
2016 Q2
1 quarter
|
|
20
Templeton Emerging Markets Income Fund
TEI
$293M
| $2.11M | 1.54% |
192,000
| – | – |
2014 Q4
7 quarters
|
|
|
NRE
21
DELISTED
NorthStar Realty Europe Corp.
NRE
| $1.74M | 1.27% |
159,000
-191,000
| -55% | -$1.87M |
2016 Q2
1 quarter
|
|
22
Rithm Capital
RITM
$4.83B
| $1.6M | 1.17% |
116,000
-33,000
| -22% | -$460K |
2016 Q2
1 quarter
|
|
|
RLYP
23
DELISTED
RELYPSA INC COM
RLYP
| $809K | 0.59% |
20,000
| – | – |
2015 Q2
5 quarters
|
|
|
24
Glaukos
GKOS
$9.71B
| $642K | 0.47% |
+22,000
| New | +$728K |
2016 Q3
0 quarters
|
|
25
Range Resources
RRC
$10.1B
| $617K | 0.45% |
+16,000
| New | +$647K |
2016 Q3
0 quarters
|
|
Similar funds
DDC
KFA
FAM
MFP
MGA
MAI
XGI
ACM
Penn Mutual Life Insurance's Q3 2016 Portfolio in Review
As of Q3 2016, Penn Mutual Life Insurance held 29 positions worth $137M, down 1% from $138M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Penn Mutual Life Insurance withdrew a net $5.88M in Q3 2016, closing 3 positions and reducing 5 holdings. Its most notable exit was HATTERAS FINANCIAL CORP, an estimated $5.75M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 48% of assets, up from 40% a quarter earlier, followed by Real Estate and Financials.
Against the trend, Penn Mutual Life Insurance opened a new position in BlackRock Resources & Commodities Strategy Trust worth $2.96M.
- Penn Mutual Life Insurance's largest Q3 2016 buy was BlackRock Resources & Commodities Strategy Trust: 363,000 shares worth $2.96M.
- Penn Mutual Life Insurance added most to Morgan Stanley Emerging Markets Domestic Debt Fund in Q3 2016, an estimated $5.62M increase.
- Penn Mutual Life Insurance's biggest Q3 2016 reduction was AGNC Investment, cutting an estimated $3.08M.
- Penn Mutual Life Insurance fully exited HATTERAS FINANCIAL CORP in Q3 2016, selling an estimated $5.75M.
- Penn Mutual Life Insurance's ten largest holdings make up 71% of its $137M portfolio in Q3 2016.
- Penn Mutual Life Insurance opened 3 new positions and closed 3 in Q3 2016.
- Penn Mutual Life Insurance's portfolio value fell 1% quarter-over-quarter to $137M.
Based on Penn Mutual Life Insurance's 13F filing for Q3 2016, filed 9 Nov 2016.