Portfolio

Sector Concentration

as of 7/31/18 (percentage of securities)

Sector %
Bank 58.42 %
Finance 1.41 %
Insurance 21.43 %
Utility 7.24 %
REIT 0.15 %
Energy 7.73 %
Communications 0.50 %
Govt 0.00 %
Misc 3.13 %

This data is subject to change on a daily basis.

Top 25 Issuers

as of 7/31/18 (percentage of securities)

Name %
JPMorgan Chase 4.65 %
PNC Financial Services Group 4.49 %
Wells Fargo & Company 4.35 %
MetLife 4.23 %
Citigroup 3.81 %
Liberty Mutual Group 3.62 %
Morgan Stanley 3.46 %
BNP Paribas 3.18 %
Fifth Third Bancorp 3.11 %
Enbridge Energy Partners 2.93 %
HSBC PLC 2.65 %
XL Group Limited 2.27 %
Barclays Bank PLC 2.13 %
New York Community Bancorp 2.01 %
Energy Transfer Partners, L.P. 1.87 %
Societe Generale 1.87 %
QBE Insurance Group Limited 1.82 %
CoBank ACB 1.81 %
Huntington Bancshares 1.63 %
Texas Capital Bancshares, Inc. 1.60 %
Unum Group 1.56 %
Standard Chartered PLC 1.56 %
Dominion Energy Inc 1.53 %
Land O Lakes 1.46 %
M&T Bank Corporation 1.39 %

This data is subject to change on a daily basis.

 

Credit Quality

as of 7/31/18 (percentage of securities)

Moody's Ratings %
Aaa 0.00 %
Aa 0.00 %
A 0.68 %
Baa 58.10 %
Ba 31.91 %
B 1.10 %
Below B 0.00 %
Not Rated 8.20 %

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 7/31/18 (percentage of securities)

Country%
United States 73.20 %
United Kingdom 7.30 %
France 5.50 %
Bermuda 5.50 %
Australia 3.20 %
Canada 2.30 %
Netherlands 1.30 %
Spain 0.90 %
Switzerland 0.40 %
Mexico 0.20 %
Ireland 0.20 %

This data is subject to change on a daily basis.