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 | 3.77% |
| SCEPJ | SCE Trust IV Preferred Secs Series -J- | 3.45% | ||
| APO-P-A | Apollo Global Management LLC 6.375% Series A Preferred Shares | Other | Other | 2.70% |
| ETPI | Energy Transfer LP PRF PERPETUAL USD - Ser I | 2.63% | ||
| BANC-PF | Banc of California Inc. | Financial Services | Banks - Regional | 2.58% |
| 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% | ||
| ET-P-I | ET-P-I | 2.55% | ||
| TDSPV | TDSPV | 2.36% | ||
| GNLPD | Global Net Lease Inc 7.50% PRF PERPETUAL USD - Ser D | 2.34% | ||
| TDS-PV | Telephone and Data Systems Inc. | Communication Services | Telecom Services | 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 | 2.23% |
| RLJPA | RLJ Lodging Trust USD 1.95 Cum Conv Pfd Registered Shs Series -A- | 2.23% | ||
| RLJ-PA | RLJ Lodging Trust | Real Estate | REIT - Hotel & Motel | 2.17% |
| NEE-PR | Nextera Energy Inc | Utilities | Utilities - Regulated Electric | 2.07% |
| XEL | Xcel Energy Inc | Utilities | Utilities - Regulated Electric | 2.04% |
| FLGPU | New York Community Capital Trust V. 6% SP REDEEM 01/11/2051 USD 50 | 2.04% | ||
| CMAPB | Comerica Inc FXDFR PRF PERPETUAL USD 25 - Ser B 1/40th Int | 2.00% | ||
| TWO-PC | Two Harbors Investment Corp | Real Estate | REIT - Mortgage | 1.98% |