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 |
|---|---|---|---|---|
| NYMTN | New York Mortgage Trust Inc Pref | Real Estate | REIT - Mortgage | 2.34% |
| AESC | AES Corp Unit | Utilities | Utilities - Diversified | 2.24% |
| GNL-PD | Global Net Lease Inc. 7.50% Cum. Redeem. Pfd. Series D | Real Estate | REIT - Diversified | 2.18% |
| SLMBP | SLM Corp Pb Pref | Financial Services | Credit Services | 1.94% |
| VLYPP | Valley National Bancorp A Pref | Financial Services | Banks - Regional | 1.94% |
| NEE-PR | Nextera Energy Inc | Utilities | Utilities - Regulated Electric | 1.91% |
| UGIC | UGI Corp Unit | Utilities | Utilities - Regulated Gas | 1.67% |
| NYMTM | New York Mortgage Trust Inc PR | Real Estate | REIT - Mortgage | 1.63% |
| CTDD | Qwest Corp 6 75 Notes Expiry 2057 | 1.28% | ||
| AQNU | Algonquin Power & Utilities Corp Unit | Utilities | Utilities - Renewable | 1.20% |
| HTIBP | Healthcare Trust Inc Preferred Series B | Real Estate | REIT - Healthcare Facilities | 0.56% |
| LBRDP | Liberty Broadband Corp | Communication Services | Telecom Services | 0.35% |
| AQN | Algonquin Power & Utilities Corp | Utilities | Utilities - Renewable | 0.33% |
| VLYPO | Valley National Bancorp B Pref | Financial Services | Banks - Regional | 0.33% |
| 3T71 | TEXTAINER GRP.PRF.S.B 25 | Industrials | Rental & Leasing Services | 0.21% |
| OXLCO | Oxford Lane Capital Corp Corp Pref 9 | Financial Services | Asset Management | 0.09% |
| ATLCP | Atlanticus Holdings Corp Preferred | Financial Services | Credit Services | 0.07% |
| UZE | United States Cellular Preferred 5.500% due 2070 | 0.04% | ||
| GMLPP | Golar LNG Partners LP 8.75% CUM PFD A | Other | Other | 0.03% |
| WTFCP | Wintrust Financial Corp | Financial Services | Banks - Regional | 0.03% |