RVPG
Relative Value Partners Group Portfolio holdings
AUM
$772M
Turnover
81.8%
1-Year Est. Return
15.6%
This Fund
S&P 500
This Quarter
Est. Return
+2.61%
1 Year Est. Return
+15.6%
3 Year Est. Return
+8.9%
5 Year Est. Return
+33.97%
10 Year Est. Return
–
AUM
$689M
AUM Growth
-$124M
(-15%)
Cap. Flow
-$141M
Cap. Flow
% of AUM
-20.44%
Top 10 Holdings %
Top 10 Hldgs %
49.45%
Holding
140
New
5
Increased
28
Reduced
62
Closed
15
Avg Time Held
0.8
years
Top 10 Avg Time Held
0.7
years
Top 20 Avg Time Held
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BlackRock Floating Rate Income Strategies Fund
FRA
|
+$11.6M |
| 2 |
DHG
Deutsche High Incm Opportunities
DHG
|
+$3.76M |
| 3 |
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
|
+$3.57M |
| 4 |
Nuveen AMT-Free Municipal Credit Income Fund
NVG
|
+$1.14M |
| 5 |
PHD
Pioneer Floating Rate Fund
PHD
|
+$840K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ACG
AllianceBernstein Income Fund Inc
ACG
|
+$41.2M |
| 2 |
BlackRock Credit Allocation Income Trust
BTZ
|
+$17.9M |
| 3 |
Virtus Total Return Fund
ZTR
|
+$12.4M |
| 4 |
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
|
+$9.51M |
| 5 |
Franklin Premier Income Trust
PPT
|
+$8.08M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 91.15% |
| 2 | Financials | 6.15% |
| 3 | Real Estate | 1.6% |
| 4 | Energy | 0.34% |
| 5 | Technology | 0.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
Johnson & Johnson
JNJ
$612B
| $621K | 0.09% |
5,120
| – | – |
2015 Q2
4 quarters
|
|
77
iShares Preferred and Income Securities ETF
PFF
$12B
| $615K | 0.09% |
15,496
| – | – |
2015 Q4
2 quarters
|
|
78
Virtus Equity & Convertible Income Fund
NIE
$703M
| $585K | 0.08% |
31,834
-6,352
| -17% | -$115K |
2015 Q2
4 quarters
|
|
79
Chevron
CVX
$436B
| $584K | 0.08% |
5,575
-1,000
| -15% | -$101K |
2015 Q2
4 quarters
|
|
80
iShares 3-7 Year Treasury Bond ETF
IEI
$16.9B
| $576K | 0.08% |
4,530
+513
| +13% | +$64.6K |
2016 Q1
1 quarter
|
|
81
Franklin Municipal Opportunities Trust
PMO
$255M
| $546K | 0.08% |
41,000
| – | – |
2015 Q2
4 quarters
|
|
82
Clough Global Opportunities Fund
GLO
$231M
| $529K | 0.08% |
57,277
-5,756
| -9% | -$54.1K |
2015 Q2
4 quarters
|
|
83
State Street Utilities Select Sector SPDR ETF
XLU
$24.2B
| $493K | 0.07% |
18,800
| – | – |
2015 Q2
4 quarters
|
|
|
BSE
84
DELISTED
BLACKROCK NEW YORK MUNICIPAL INCOME QUALITY TRUST
BSE
| $480K | 0.07% |
31,995
| – | – |
2015 Q4
2 quarters
|
|
85
Eaton Vance Enhanced Equity Income Fund
EOI
$816M
| $462K | 0.07% |
36,515
-8,540
| -19% | -$110K |
2015 Q2
4 quarters
|
|
86
Bank OZK
OZK
$4.9B
| $456K | 0.07% |
12,196
| – | – |
2015 Q2
4 quarters
|
|
87
Pfizer
PFE
$166B
| $456K | 0.07% |
13,656
| – | – |
2015 Q2
4 quarters
|
|
88
Vanguard Global ex-US Real Estate ETF
VNQI
$3.21B
| $443K | 0.06% |
8,202
| – | – |
2015 Q4
2 quarters
|
|
89
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$5.82B
| $439K | 0.06% |
4,140
+7
| +0.2% | +$734 |
2015 Q4
2 quarters
|
|
90
Ellsworth Growth & Income Fund
ECF
$160M
| $409K | 0.06% |
51,935
-60,202
| -54% | -$465K |
2015 Q2
4 quarters
|
|
91
GE Aerospace
GE
$319B
| $395K | 0.06% |
2,621
| – | – |
2015 Q2
4 quarters
|
|
92
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.4B
| $390K | 0.06% |
14,026
| – | – |
2015 Q4
2 quarters
|
|
93
Nuveen Credit Strategies Income Fund
JQC
$668M
| $385K | 0.06% |
47,945
-55,421
| -54% | -$442K |
2015 Q2
4 quarters
|
|
94
Merck
MRK
$364B
| $374K | 0.05% |
6,812
-210
| -3% | -$11.2K |
2015 Q2
4 quarters
|
|
95
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $359K | 0.05% |
11,011
| – | – |
2015 Q2
4 quarters
|
|
96
Schwab US TIPS ETF
SCHP
$16.3B
| $352K | 0.05% |
12,462
| – | – |
2015 Q4
2 quarters
|
|
97
ProShares UltraShort S&P500
SDS
$355M
| $352K | 0.05% |
198
-336
| -63% | -$621K |
2015 Q2
4 quarters
|
|
|
RJI
98
DELISTED
AB Svensk Ekportkredit ELEMENTS Linked to the Rogers International Commodity Index-Total Return
RJI
| $348K | 0.05% |
68,009
| – | – |
2015 Q4
2 quarters
|
|
|
BHL
99
DELISTED
Blackrock Defined Opp Crt Tr
BHL
| $347K | 0.05% |
26,632
-89,802
| -77% | -$1.18M |
2015 Q2
4 quarters
|
|
100
Citigroup
C
$205B
| $338K | 0.05% |
8,003
| – | – |
2015 Q2
4 quarters
|
|
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Relative Value Partners Group's Q2 2016 Portfolio in Review
As of Q2 2016, Relative Value Partners Group held 140 positions worth $689M, down 15% from $813M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Relative Value Partners Group withdrew a net $141M in Q2 2016, closing 15 positions and reducing 62 holdings. Its most notable exit was AllianceBernstein Income Fund Inc, an estimated $41.2M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 91% of assets, up from 87% a quarter earlier, followed by Financials and Real Estate.
Against the trend, Relative Value Partners Group opened a new position in Nuveen AMT-Free Municipal Credit Income Fund worth $1.18M.
- Relative Value Partners Group's largest Q2 2016 buy was Nuveen AMT-Free Municipal Credit Income Fund: 72,854 shares worth $1.18M.
- Relative Value Partners Group added most to BlackRock Floating Rate Income Strategies Fund in Q2 2016, an estimated $11.6M increase.
- Relative Value Partners Group's biggest Q2 2016 reduction was BlackRock Credit Allocation Income Trust, cutting an estimated $17.9M.
- Relative Value Partners Group fully exited AllianceBernstein Income Fund Inc in Q2 2016, selling an estimated $41.2M.
- Relative Value Partners Group's ten largest holdings make up 49% of its $689M portfolio in Q2 2016.
- Relative Value Partners Group opened 5 new positions and closed 15 in Q2 2016.
- Relative Value Partners Group's portfolio value fell 15% quarter-over-quarter to $689M.
Based on Relative Value Partners Group's 13F filing for Q2 2016, filed 15 Aug 2016.