See The Basics for a detailed Fund description

  Portfolio Overview: (As of 3/29/2019)  
Top Twenty Five Issuer
  Issuer
% of Portfolio
1.
MetLife
4.2%
2.
Morgan Stanley
3.9%
3.
PNC Financial Services Group
3.8%
4.
JPMorgan Chase
3.5%
5.
Fifth Third Bancorp
3.5%
6.
BNP Paribas
3.2%
7.
Wells Fargo & Company
3.0%
8.
Liberty Mutual Group
2.8%
9.
HSBC PLC
2.7%
10.
Citigroup
2.7%
11.
Barclays Bank PLC
2.2%
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.
Energy Transfer Operating, L.P.
1.9%
18.
Land O Lakes
1.9%
19.
QBE Insurance Group Limited
1.8%
20.
CoBank ACB
1.8%
21.
Texas Capital Bancshares, Inc.
1.6%
22.
Huntington Bancshares
1.6%
23.
Goldman Sachs Group
1.6%
24.
Dominion Energy Inc
1.6%
25.
TransCanada Corporation
1.4%

 
Total Portfolio
 
Top Twenty Five:
61.0%
 
Other:
39.0%

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
31.3%
Not Rated
10.1%
   
Below by Both**
31.6%
 
**Below Investment Grade by both Moody's and S&P

Industry Concentration
Industry
% of Securities
Financial Services  
     Banks
57.8%
     Finance
1.9%
     Insurance
21.8%
 
81.5%
   
Utilities
8.6%
Other
9.9%
 
  Most recent publicly disclosed fiscal quarter end portfolio holdings are available upon request