See The Basics for a detailed Fund description

 

Portfolio Overview: (As of 2/28/2018)

 
Top Twenty Five Issuers
  Issuer
% of Portfolio
1.
JPMorgan Chase
4.6%
2.
MetLife
4.2%
3.
Wells Fargo & Company
4.1%
4.
Citigroup
3.8%
5.
Morgan Stanley
3.7%
6.
PNC Financial Services Group
3.7%
7.
BNP Paribas
3.2%
8.
Fifth Third Bancorp
3.1%
9.
Liberty Mutual Group
3.1%
10.
Enbridge Energy Partners
3.1%
11.
XL Group Limited
2.8%
12.
New York Community Bancorp
2.1%
13.
Land O Lakes
2.0%
14.
QBE Insurance Group Limited
1.9%
15.
CoBank ACB
1.9%
16.
Bank of America Corporation
1.9%
17.
Societe Generale
1.8%
18.
Huntington Bancshares
1.6%
19.
Texas Capital Bancshares, Inc.
1.6%
20.
Goldman Sachs Group
1.5%
21.
Dominion Energy Inc
1.5%
22.
PartnerRe Ltd
1.4%
23.
Commonwealth Edison
1.4%
24.
Unum Group
1.4%
25.
Ocean Spray Cranberries
1.3%

 
Total Portfolio
 
Top Twenty Five:
62.9%
 
Other:
37.1%

Exposure to credit default swaps: None


Credit Quality
Moody's Ratings
% of Securities
Aaa
0.0%
Aa
0.0%

A

0.7%
Baa
54.9%
Ba
33.4%
Not Rated
9.4%
   
Below by Both**
31.8%
 
**Below Investment Grade by both Moody's and S&P

Industry Concentration
Industry
% of Securities
Banks
57.2%
Finance
0.6%
Insurance
20.4%
Utilities
9.3%
Other
12.6%
 
  Most recent publicly disclosed fiscal quarter end portfolio holdings are available upon request