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 |
|---|---|---|---|---|
| SCE-PJ | SCE Trust IV | Financial Services | Capital Markets | 3.40% |
| BANC-PF | Banc of California Inc. | Financial Services | Banks - Regional | 2.76% |
| RLJ-PA | RLJ Lodging Trust | Real Estate | REIT - Hotel & Motel | 2.49% |
| NYMTN | New York Mortgage Trust Inc Pref | Real Estate | REIT - Mortgage | 2.47% |
| GNL-PD | Global Net Lease Inc. 7.50% Cum. Redeem. Pfd. Series D | Real Estate | REIT - Diversified | 2.40% |
| TDS-PV | Telephone and Data Systems Inc. | Communication Services | Telecom Services | 2.40% |
| AESC | AES Corp Unit | Utilities | Utilities - Diversified | 2.24% |
| DBRG-PI | DigitalBridge Group Inc. | Financial Services | Asset Management | 2.22% |
| NEE-PR | Nextera Energy Inc | Utilities | Utilities - Regulated Electric | 2.07% |
| SLMBP | SLM Corp Pb Pref | Financial Services | Credit Services | 2.00% |
| VLYPP | Valley National Bancorp A Pref | Financial Services | Banks - Regional | 1.85% |
| US74913G8814 | Qwest Corporation 6.5% 1sep2056 | 1.84% | ||
| CTBB | Qwest Corp. NT | 1.78% | ||
| NYMTM | New York Mortgage Trust Inc PR | Real Estate | REIT - Mortgage | 1.68% |
| UGIC | UGI Corp Unit | Utilities | Utilities - Regulated Gas | 1.67% |
| DHCNL | Diversified Healthcare Trust | Healthcare | Health Care Plans | 1.66% |
| PMT-PB | PennyMac Mortgage Investment Trust | Real Estate | REIT - Mortgage | 1.51% |
| CTDD | Qwest Corp 6 75 Notes Expiry 2057 | 1.50% | ||
| CIM-PD | Chimera Investment Corporation | Real Estate | REIT - Mortgage | 1.36% |
| CRBD | Corebridge Financial Inc. 6.375 | 1.33% |