Portfolio

Sector Concentration

as of 3/31/17 (percentage of securities)

Sector %
Bank 50.89 %
Finance 0.82 %
Insurance 26.02 %
Utility 12.33 %
REIT 0.80 %
Energy 5.30 %
Communications 0.52 %
Govt 0.00 %
Misc 3.31 %

This data is subject to change on a daily basis.

Top 25 Issuers

as of 3/31/17 (percentage of securities)

Name %
JPMorgan Chase 4.81 %
PNC Financial Services Group 4.71 %
Wells Fargo & Company 4.30 %
MetLife 4.16 %
Citigroup 3.58 %
Liberty Mutual Group 3.55 %
Fifth Third Bancorp 3.42 %
BNP Paribas 3.13 %
Enbridge Energy Partners 2.89 %
XL Group Limited 2.71 %
Axis Capital Holdings Ltd 2.69 %
New York Community Bancorp 2.05 %
HSBC PLC 2.02 %
QBE Insurance Group Limited 1.91 %
Zions Bancorporation 1.86 %
Morgan Stanley 1.84 %
CoBank ACB 1.82 %
Puget Energy 1.64 %
Unum Group 1.56 %
NextEra Energy 1.53 %
Dominion Resources 1.49 %
Standard Chartered PLC 1.44 %
M&T Bank Corporation 1.41 %
Land O Lakes 1.40 %
PartnerRe Ltd 1.40 %

This data is subject to change on a daily basis.

 

Credit Quality

as of 3/31/17 (percentage of securities)

Moody's Ratings %
Aaa 0.00 %
Aa 0.00 %
A 1.28 %
Baa 65.05 %
Ba 25.32 %
B 0.18 %
Below B 0.00 %
Not Rated 8.17 %

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 3/31/17 (percentage of securities)

Country%
United States 75.50 %
Bermuda 9.50 %
United Kingdom 4.10 %
France 4.00 %
Australia 2.80 %
Canada 2.40 %
Netherlands 1.30 %
Ireland 0.20 %

This data is subject to change on a daily basis.