See The Basics for a detailed Fund description

 

Portfolio Overview: (As of 11/30/2018)

 
Top Twenty Five Issuers
  Issuer
% of Portfolio
1.
JPMorgan Chase
4.2%
2.
MetLife
4.2%
3.
Morgan Stanley
3.6%
4.
PNC Financial Services Group
3.5%
5.
Enbridge Energy Partners
3.3%
6.
BNP Paribas
3.3%
7.
Fifth Third Bancorp
3.1%
8.
Liberty Mutual Group
3.1%
9.
Citigroup
3.0%
10.
Wells Fargo & Company
2.8%
11.
HSBC PLC
2.7%
12.
Energy Transfer Operating, L.P.
2.2%
13.
Land O Lakes
2.0%
14.
XL Group Limited
2.0%
15.
QBE Insurance Group Limited
2.0%
16.
Societe Generale
1.9%
17.
CoBank ACB
1.9%
18.
New York Community Bancorp
1.9%
19.
Bank of America Corporation
1.7%
20.
Barclays Bank PLC
1.7%
21.
Huntington Bancshares
1.6%
22.
Texas Capital Bancshares, Inc.
1.6%
23.
Unum Group
1.6%
24.
Goldman Sachs Group
1.5%
25.
Commonwealth Edison
1.5%

 
Total Portfolio
 
Top Twenty Five:
61.9%
 
Other:
38.1%

Exposure to credit default swaps: None


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

A

0.6%
Baa
55.0%
Ba
33.6%
Not Rated
9.7%
   
Below by Both**
28.9%
 
**Below Investment Grade by both Moody's and S&P

Industry Concentration
Industry
% of Securities
Banks
56.9%
Finance
1.6%
Insurance
20.4%
Utilities
8.2%
Other
12.9%
 
  Most recent publicly disclosed fiscal quarter end portfolio holdings are available upon request