NYSE ARCA | ETF
Under normal market conditions, the fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) inU. S. preferred stock, and in derivatives and other instruments that have economic characteristics similar to such investments.
The Sub-Adviser actively manages the fund's assets pursuant to a variety of quantitative, qualitative and relative valuation factors.
The fund is non-diversified.
Top 20 Holdings
| Asset | Name | Sector | Industry | Weight |
|---|---|---|---|---|
| SLMBP | SLM Corp Pb Pref | Financial Services | Credit Services | 2.97% |
| NYMTN | New York Mortgage Trust Inc Pref | Real Estate | REIT - Mortgage | 2.36% |
| GNL-PD | Global Net Lease Inc. 7.50% Cum. Redeem. Pfd. Series D | Real Estate | REIT - Diversified | 2.26% |
| AESC | AES Corp Unit | Utilities | Utilities - Diversified | 2.24% |
| VLYPP | Valley National Bancorp A Pref | Financial Services | Banks - Regional | 1.87% |
| UGIC | UGI Corp Unit | Utilities | Utilities - Regulated Gas | 1.67% |
| NYMTM | New York Mortgage Trust Inc PR | Real Estate | REIT - Mortgage | 1.57% |
| NEE-PR | Nextera Energy Inc | Utilities | Utilities - Regulated Electric | 1.57% |
| CTDD | Qwest Corp 6 75 Notes Expiry 2057 | 1.26% | ||
| AQNU | Algonquin Power & Utilities Corp Unit | Utilities | Utilities - Renewable | 1.20% |
| UGI | UGI Corporation | Utilities | Utilities - Regulated Gas | 0.89% |
| HTIBP | Healthcare Trust Inc Preferred Series B | Real Estate | REIT - Healthcare Facilities | 0.59% |
| UZE | United States Cellular Preferred 5.500% due 2070 | 0.38% | ||
| VLYPO | Valley National Bancorp B Pref | Financial Services | Banks - Regional | 0.38% |
| AQN | Algonquin Power & Utilities Corp | Utilities | Utilities - Renewable | 0.34% |
| 3T71 | TEXTAINER GRP.PRF.S.B 25 | Industrials | Rental & Leasing Services | 0.21% |
| LBRDP | Liberty Broadband Corp | Communication Services | Telecom Services | 0.15% |
| OXLCO | Oxford Lane Capital Corp Corp Pref 9 | Financial Services | Asset Management | 0.12% |
| ATLCP | Atlanticus Holdings Corp Preferred | Financial Services | Credit Services | 0.07% |
| OZKAP | Bank Ozk Preferred Series A | Financial Services | Banks - Regional | 0.04% |