See The Basics for a detailed Fund description

 

Portfolio Overview: (As of 9/28/2018)

 
Top Twenty Five Issuers
  Issuer
% of Portfolio
1.
JPMorgan Chase
4.7%
2.
MetLife
4.2%
3.
Morgan Stanley
3.7%
4.
PNC Financial Services Group
3.5%
5.
BNP Paribas
3.3%
6.
Enbridge Energy Partners
3.1%
7.
Fifth Third Bancorp
3.1%
8.
Liberty Mutual Group
3.0%
9.
Citigroup
3.0%
10.
Wells Fargo & Company
2.8%
11.
HSBC PLC
2.7%
12.
Energy Transfer Partners, L.P.
2.3%
13.
New York Community Bancorp
2.0%
14.
XL Group Limited
2.0%
15.
CoBank ACB
2.0%
16.
Land O Lakes
2.0%
17.
Societe Generale
2.0%
18.
QBE Insurance Group Limited
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.
Dominion Energy Inc
1.5%

 
Total Portfolio
 
Top Twenty Five:
62.4%
 
Other:
37.6%

Exposure to credit default swaps: None


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

A

0.6%
Baa
55.5%
Ba
33.9%
Not Rated
9.1%
   
Below by Both**
33.8%
 
**Below Investment Grade by both Moody's and S&P

Industry Concentration
Industry
% of Securities
Banks
57.1%
Finance
1.7%
Insurance
20.3%
Utilities
7.9%
Other
13.0%
 
  Most recent publicly disclosed fiscal quarter end portfolio holdings are available upon request