Portfolio

Sector Concentration

as of 5/31/17 (percentage of securities)

Sector %
Bank 53.08 %
Finance 0.84 %
Insurance 23.67 %
Utility 12.48 %
REIT 0.79 %
Energy 5.29 %
Communications 0.55 %
Govt 0.00 %
Misc 3.30 %

This data is subject to change on a daily basis.

Top 25 Issuers

as of 5/31/17 (percentage of securities)

Name %
PNC Financial Services Group 4.80 %
JPMorgan Chase 4.74 %
Wells Fargo & Company 4.32 %
MetLife 4.28 %
Liberty Mutual Group 3.64 %
Citigroup 3.63 %
Fifth Third Bancorp 3.31 %
BNP Paribas 3.24 %
Enbridge Energy Partners 2.86 %
XL Group Limited 2.78 %
Morgan Stanley 2.53 %
HSBC PLC 2.17 %
New York Community Bancorp 2.10 %
QBE Insurance Group Limited 1.89 %
CoBank ACB 1.81 %
Zions Bancorporation 1.80 %
Puget Energy 1.67 %
Unum Group 1.58 %
NextEra Energy 1.55 %
Dominion Energy Inc 1.52 %
Standard Chartered PLC 1.45 %
PartnerRe Ltd 1.40 %
Land O Lakes 1.39 %
M&T Bank Corporation 1.38 %
Commonwealth Edison 1.36 %

This data is subject to change on a daily basis.

 

Credit Quality

as of 5/31/17 (percentage of securities)

Moody's Ratings %
Aaa 0.00 %
Aa 0.00 %
A 1.29 %
Baa 63.84 %
Ba 26.60 %
B 0.18 %
Below B 0.00 %
Not Rated 8.09 %

Credit quality is an assessment of the credit worthiness of an issuer of the underlying security and not the Fund or its shares. Bonds with a credit rating of Ba or lower are considered below investment grade. “Not Rated” includes options, common stock and unrated securities by Moody’s. Ratings are subject to change. This data is subject to change on a daily basis. Ratings shown are assigned by Moody’s.

Geographic Breakdown

as of 5/31/17 (percentage of securities)

Country%
United States 77.50 %
Bermuda 7.00 %
United Kingdom 4.50 %
France 4.20 %
Australia 2.80 %
Canada 2.40 %
Netherlands 1.30 %
Ireland 0.20 %

This data is subject to change on a daily basis.