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 | 3.37% |
| BANC-PF | Banc of California Inc. | Financial Services | Banks - Regional | 2.67% |
| RLJ-PA | RLJ Lodging Trust | Real Estate | REIT - Hotel & Motel | 2.39% |
| GNL-PD | Global Net Lease Inc. 7.50% Cum. Redeem. Pfd. Series D | Real Estate | REIT - Diversified | 2.34% |
| NYMTN | New York Mortgage Trust Inc Pref | Real Estate | REIT - Mortgage | 2.28% |
| AESC | AES Corp Unit | Utilities | Utilities - Diversified | 2.24% |
| TDS-PV | Telephone and Data Systems Inc. | Communication Services | Telecom Services | 2.22% |
| NEE-PR | Nextera Energy Inc | Utilities | Utilities - Regulated Electric | 2.07% |
| SLMBP | SLM Corp Pb Pref | Financial Services | Credit Services | 1.84% |
| CTBB | Qwest Corp. NT | 1.78% | ||
| US74913G8814 | Qwest Corporation 6.5% 1sep2056 | 1.75% | ||
| VLYPP | Valley National Bancorp A Pref | Financial Services | Banks - Regional | 1.75% |
| DHCNL | Diversified Healthcare Trust | Healthcare | Health Care Plans | 1.74% |
| UGIC | UGI Corp Unit | Utilities | Utilities - Regulated Gas | 1.67% |
| CTDD | Qwest Corp 6 75 Notes Expiry 2057 | 1.51% | ||
| NYMTM | New York Mortgage Trust Inc PR | Real Estate | REIT - Mortgage | 1.49% |
| PMT-PB | PennyMac Mortgage Investment Trust | Real Estate | REIT - Mortgage | 1.42% |
| CRBD | Corebridge Financial Inc. 6.375 | 1.33% | ||
| CIM-PD | Chimera Investment Corporation | Real Estate | REIT - Mortgage | 1.28% |
| AQNU | Algonquin Power & Utilities Corp Unit | Utilities | Utilities - Renewable | 1.20% |