See The Basics for a detailed Fund description

  Portfolio Overview: (As of 1/31/2019)  
Top Twenty Five Issuer
  Issuer
% of Portfolio
1.
JPMorgan Chase
4.2%
2.
MetLife
4.2%
3.
Morgan Stanley
3.9%
4.
PNC Financial Services Group
3.8%
5.
BNP Paribas
3.2%
6.
Fifth Third Bancorp
3.0%
7.
Wells Fargo & Company
3.0%
8.
Liberty Mutual Group
2.8%
9.
HSBC PLC
2.7%
10.
Citigroup
2.7%
11.
Enbridge Energy Partners
2.7%
12.
XL Group Limited
2.1%
13.
Unum Group
2.0%
14.
Standard Chartered PLC
2.0%
15.
Societe Generale
2.0%
16.
New York Community Bancorp
2.0%
17.
Land O Lakes
1.9%
18.
Energy Transfer Operating, L.P.
1.9%
19.
QBE Insurance Group Limited
1.9%
20.
Barclays Bank PLC
1.8%
21.
CoBank ACB
1.8%
22.
Huntington Bancshares
1.6%
23.
Texas Capital Bancshares, Inc.
1.6%
24.
Goldman Sachs Group
1.6%
25.
Dominion Energy Inc
1.6%

 
Total Portfolio
 
Top Twenty Five:
62.1%
 
Other:
37.9%

Exposure to credit default swaps: None


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

A

1.1%
Baa
56.5%
Ba
31.4%
Not Rated
9.8%
   
Below by Both**
30.7%
 
**Below Investment Grade by both Moody's and S&P

Industry Concentration
Industry
% of Securities
Financial Services  
     Banks
57.4%
     Finance
1.6%
     Insurance
20.7%
 
79.7%
   
Utilities
8.4%
Other
11.9%
 
  Most recent publicly disclosed fiscal quarter end portfolio holdings are available upon request