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 | 3.47% |
| SCEPJ | SCE Trust IV Preferred Secs Series -J- | 3.45% | ||
| ETPI | Energy Transfer LP PRF PERPETUAL USD - Ser I | 2.63% | ||
| BANC-PF | Banc of California Inc. | Financial Services | Banks - Regional | 2.59% |
| BANCPF | Banc of California Inc 7.70% PRF PERPETUAL USD - Ser F | 2.57% | ||
| FLGPA | Flagstar Financial Inc Non-Cum Perp Pfd Shs Series -A- | 2.56% | ||
| TDS-PV | Telephone and Data Systems Inc. | Communication Services | Telecom Services | 2.40% |
| TDSPV | TDSPV | 2.36% | ||
| GNLPD | Global Net Lease Inc 7.50% PRF PERPETUAL USD - Ser D | 2.34% | ||
| GNL-PD | Global Net Lease Inc. 7.50% Cum. Redeem. Pfd. Series D | Real Estate | REIT - Diversified | 2.29% |
| RLJ-PA | RLJ Lodging Trust | Real Estate | REIT - Hotel & Motel | 2.27% |
| AESC | AES Corp Unit | Utilities | Utilities - Diversified | 2.24% |
| RLJPA | RLJ Lodging Trust USD 1.95 Cum Conv Pfd Registered Shs Series -A- | 2.23% | ||
| NEE-PR | Nextera Energy Inc | Utilities | Utilities - Regulated Electric | 2.07% |
| FLGPU | New York Community Capital Trust V. 6% SP REDEEM 01/11/2051 USD 50 | 2.04% | ||
| XEL | Xcel Energy Inc | Utilities | Utilities - Regulated Electric | 2.02% |
| CMAPB | Comerica Inc FXDFR PRF PERPETUAL USD 25 - Ser B 1/40th Int | 2.00% | ||
| TWOPC | Two Harbors Investment Corp FXDFR PRF PERPETUAL USD 25 - Ser C | 1.96% | ||
| US74913G8814 | Qwest Corporation 6.5% 1sep2056 | 1.86% | ||
| DHCNL | Diversified Healthcare Trust | Healthcare | Health Care Plans | 1.80% |