See The Basics for a detailed Fund description

 

Portfolio Overview: (As of 2/28/2017)

 
Top Twenty Five Issuers
  Issuer
% of Portfolio
1.
JPMorgan Chase
4.8%
2.
MetLife
4.2%
3.
Wells Fargo & Company
4.0%
4.
PNC Financial Services Group
3.9%
5.
Citigroup
3.9%
6.
Fifth Third Bancorp
3.4%
7.
Morgan Stanley
3.1%
8.
Enbridge Energy Partners
3.1%
9.
BNP Paribas
3.0%
10.
XL Group Limited
2.6%
11.
Axis Capital Holdings Ltd
2.3%
12.
Liberty Mutual Group
2.2%
13.
QBE Insurance Group Limited
2.0%
14.
CoBank ACB
1.9%
15.
Land O Lakes
1.8%
16.
HSBC PLC
1.8%
17.
Regions Financial Corporation
1.8%
18.
Societe Generale
1.8%
19.
Zions Bancorporation
1.7%
20.
PPL Corporation
1.6%
21.
PartnerRe Ltd
1.5%
22.
Dominion Resources
1.5%
23.
Commonwealth Edison
1.4%
24.
Arch Capital Group
1.4%
25.
Unum Group
1.3%

 
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

1.1%
Baa
62.0%
Ba
26.6%
Not Rated
9.3%
   
Below by Both**
25.8%
 
**Below Investment Grade by both Moody's and S&P

Industry Concentration
Industry
% of Securities
Banks
51.9%
Finance
0.4%
Insurance
23.9%
Utilities
11.5%
Other
12.3%
 
  Most recent publicly disclosed fiscal quarter end portfolio holdings are available upon request