See The Basics for a detailed Fund description

  Portfolio Overview: (As of 9/28/2018)  
Top Twenty Five Issuer
  Issuer
% of Portfolio
1.
JPMorgan Chase
4.7%
2.
MetLife
4.2%
3.
Morgan Stanley
3.9%
4.
PNC Financial Services Group
3.8%
5.
BNP Paribas
3.2%
6.
Enbridge Energy Partners
3.1%
7.
Fifth Third Bancorp
3.0%
8.
Wells Fargo & Company
3.0%
9.
Liberty Mutual Group
2.8%
10.
HSBC PLC
2.7%
11.
Citigroup
2.7%
12.
XL Group Limited
2.2%
13.
New York Community Bancorp
2.0%
14.
Standard Chartered PLC
2.0%
15.
Societe Generale
2.0%
16.
Land O Lakes
2.0%
17.
Energy Transfer Partners, L.P.
1.9%
18.
CoBank ACB
1.9%
19.
QBE Insurance Group Limited
1.9%
20.
Barclays Bank PLC
1.8%
21.
Unum Group
1.6%
22.
Huntington Bancshares
1.6%
23.
Texas Capital Bancshares, Inc.
1.6%
24.
Goldman Sachs Group
1.6%
25.
Dominion Energy Inc
1.5%

 
Total Portfolio
 
Top Twenty Five:
62.5%
 
Other:
37.5%

Exposure to credit default swaps: None


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

A

1.2%
Baa
54.6%
Ba
34.2%
Not Rated
9.1%
   
Below by Both**
34.8%
 
**Below Investment Grade by both Moody's and S&P

Industry Concentration
Industry
% of Securities
Financial Services  
     Banks
57.2%
     Finance
1.7%
     Insurance
20.5%
 
79.4%
   
Utilities
8.1%
Other
12.4%
 
  Most recent publicly disclosed fiscal quarter end portfolio holdings are available upon request