BATS | ETF
The fund invests at least 80% of its net assets (plus any borrowings made for investment purposes) in a portfolio of preferred securities issued byU. S. and non-U.S. companies.
It may invest in preferred securities of all issuer capitalizations.
The fund may also invest in publicly-traded partnerships ("PTPs").
The Advisor intends to maintain approximately 10% asset exposure to a credit spread options strategy, although market conditions may dictate additional exposure.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| FGXXX | First American Funds Inc. - Government Obligations Fund | 99.74% | ||
| ATH-PA | Athene Holding Ltd | Financial Services | Insurance - Life | 2.07% |
| JXN-PA | Jackson Financial Inc. | Financial Services | Insurance - Life | 1.54% |
| WCC-PA | WESCO International Inc | Industrials | Industrial Distribution | 1.51% |
| ANG-PB | American National Group Inc | Financial Services | Insurance - Life | 1.47% |
| AGNCP_old | American Capital Agency Corp. | Real Estate | REIT - Mortgage | 1.46% |
| MS-P-K | Morgan Stanley Depositary Shares Series K | Other | Other | 1.42% |
| UZE | United States Cellular Preferred 5.500% due 2070 | 1.34% | ||
| VOYA-PB | Voya Financial Inc | Financial Services | Financial Conglomerates | 1.31% |
| AQNB | Algonquin Power Utilities Corp | 1.30% | ||
| WTFCP | Wintrust Financial Corp | Financial Services | Banks - Regional | 1.29% |
| ONBPO | Old National Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of Series C Preferred Stock | Financial Services | Banks - Regional | 1.24% |
| KREF-PA | KKR Real Estate Finance Trust Inc. | Real Estate | REIT - Mortgage | 1.15% |
| SREA | DBA Sempra 5.750% Junior Subordinated Notes due 2079 | 1.13% | ||
| SNV-PE | Synovus Financial Corp | Financial Services | Banks - Regional | 1.09% |
| RITM-PD | Rithm Capital Corp. | Real Estate | REIT - Mortgage | 1.06% |
| TDS-PU | Telephone and Data Systems Inc. | Communication Services | Telecom Services | 1.04% |
| ALL-PJ | The Allstate Corporation | Financial Services | Insurance - Property & Casualty | 1.03% |
| NRUC | National Rural Utilities Cooperative Finance Corp | Financials | Investment Banking & Investment Services | 1.02% |
| MS-P-I | Morgan Stanley Depository Shares Series 1 | Other | Other | 1.02% |