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 |
|---|---|---|---|---|
| SNV-PE | Synovus Financial Corp | Financial Services | Banks - Regional | 2.17% |
| ATH-PA | Athene Holding Ltd | Financial Services | Insurance - Life | 2.09% |
| KEY-P-I | KeyCorp Depositary Shares Series E | Other | Other | 1.86% |
| BANC-PF | Banc of California Inc. | Financial Services | Banks - Regional | 1.79% |
| JXN-PA | Jackson Financial Inc. | Financial Services | Insurance - Life | 1.56% |
| US06055H8060 | BANK OF AMERICA CORP | 1.54% | ||
| WCC-PA | WESCO International Inc | Industrials | Industrial Distribution | 1.51% |
| ANG-PB | American National Group Inc | Financial Services | Insurance - Life | 1.49% |
| AGNCP_old | American Capital Agency Corp. | Real Estate | REIT - Mortgage | 1.48% |
| MS-P-K | Morgan Stanley Depositary Shares Series K | Other | Other | 1.44% |
| WAL-PA | Western Alliance Bancorporation | Financial Services | Banks - Regional | 1.38% |
| AQNB | Algonquin Power Utilities Corp | 1.33% | ||
| VOYA-PB | Voya Financial Inc | Financial Services | Financial Conglomerates | 1.32% |
| UZE | United States Cellular Preferred 5.500% due 2070 | 1.32% | ||
| 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 | 1.27% |
| ABR-P-F | Arbor Realty Trust Inc | 6.25% Series F Cumulative | 1.24% | ||
| FGXXX | First American Funds Inc. - Government Obligations Fund | 1.09% | ||
| KREF-PA | KKR Real Estate Finance Trust Inc. | Real Estate | REIT - Mortgage | 1.09% |
| SREA | DBA Sempra 5.750% Junior Subordinated Notes due 2079 | 1.09% |