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 |
|---|---|---|---|---|
| GNL-PD | Global Net Lease Inc. 7.50% Cum. Redeem. Pfd. Series D | Real Estate | REIT - Diversified | 3.20% |
| NYMTN | New York Mortgage Trust Inc Pref | Real Estate | REIT - Mortgage | 2.64% |
| SLMBP | SLM Corp Pb Pref | Financial Services | Credit Services | 2.31% |
| AESC | AES Corp Unit | Utilities | Utilities - Diversified | 2.26% |
| NYMTM | New York Mortgage Trust Inc PR | Real Estate | REIT - Mortgage | 1.59% |
| UGIC | UGI Corp Unit | Utilities | Utilities - Regulated Gas | 1.38% |
| UZE | United States Cellular Preferred 5.500% due 2070 | 1.27% | ||
| AQNU | Algonquin Power & Utilities Corp Unit | Utilities | Utilities - Renewable | 1.22% |
| HTIBP | Healthcare Trust Inc Preferred Series B | Real Estate | REIT - Healthcare Facilities | 0.58% |
| VLYPP | Valley National Bancorp A Pref | Financial Services | Banks - Regional | 0.35% |
| 3T71 | TEXTAINER GRP.PRF.S.B 25 | Industrials | Rental & Leasing Services | 0.35% |
| ESGRP | Enstar Group Ltd Pref Series D | Financial Services | Insurance - Diversified | 0.34% |
| OZKAP | Bank Ozk Preferred Series A | Financial Services | Banks - Regional | 0.33% |
| OXLCO | Oxford Lane Capital Corp Corp Pref 9 | Financial Services | Asset Management | 0.16% |
| LBRDP | Liberty Broadband Corp | Communication Services | Telecom Services | 0.15% |
| RILYL | B. Riley Financial Inc | Financial Services | Financial Conglomerates | 0.14% |
| CTBB | Qwest Corp. NT | 0.13% | ||
| NYMTL | New York Mortgage Trust Inc Preferred | Real Estate | REIT - Mortgage | 0.13% |
| XOMAP | XOMA Corp | Healthcare | Biotechnology | 0.09% |
| PCG6 | PG + E CORP.6 1.PFD DL25 | Utilities | Utilities - Diversified | 0.08% |