Portfolio

Sector Concentration

as of 7/31/17 (percentage of securities)

Sector %
Bank 60.64 %
Finance 0.33 %
Insurance 22.45 %
Utility 5.81 %
REIT 0.50 %
Energy 7.73 %
Communications 0.47 %
Govt 0.00 %
Misc 2.07 %

This data is subject to change on a daily basis.

Top 25 Issuers

as of 7/31/17 (percentage of securities)

Name %
Citigroup 4.76 %
Morgan Stanley 4.33 %
MetLife 4.23 %
Bank of America Corporation 4.19 %
PNC Financial Services Group 4.14 %
Liberty Mutual Group 3.50 %
JPMorgan Chase 3.22 %
Fifth Third Bancorp 2.92 %
Enbridge Energy Partners 2.63 %
Wells Fargo & Company 2.54 %
Goldman Sachs Group 2.49 %
Regions Financial Corporation 2.46 %
XL Group Limited 2.45 %
M&T Bank Corporation 2.30 %
New York Community Bancorp 2.14 %
Lloyds Banking Group PLC 2.13 %
Kinder Morgan 2.06 %
QBE Insurance Group Limited 2.01 %
BNP Paribas 1.99 %
Societe Generale 1.96 %
Zions Bancorporation 1.87 %
Land O Lakes 1.83 %
HSBC PLC 1.66 %
Dominion Energy Inc 1.54 %
Texas Capital Bancshares, Inc. 1.45 %

This data is subject to change on a daily basis.

 

Credit Quality

as of 7/31/17 (percentage of securities)

Moody's Ratings %
Aaa 0.00 %
Aa 0.00 %
A 0.17 %
Baa 50.27 %
Ba 37.59 %
B 1.23 %
Below B 0.00 %
Not Rated 10.73 %

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 7/31/17 (percentage of securities)

Country%
United States 76.60 %
Bermuda 7.10 %
United Kingdom 5.10 %
France 4.20 %
Australia 2.80 %
Canada 2.40 %
Netherlands 1.30 %
Mexico 0.20 %
Ireland 0.20 %

This data is subject to change on a daily basis.