Description: The investment seeks current income and capital appreciation. Under normal market conditions, the portfolio managers will invest at least 80% of the fund's net assets, plus any borrowings for investment purposes, in preferred securities issued by U.S. and non-U.S. companies. Preferred securities in which the fund may invest include preferred stock, hybrid preferred securities that have characteristics similar to both preferred stock and debt securities, floating rate preferred securities, junior subordinated debt, senior unsecured debt obligations denominated in $25 par amounts, re-packaged preferreds, and convertible securities. The fund is non-diversified.
Exchange: BATS
Country: US
Currency: US Dollar ($)
Category: Preferred Stock
| Asset Allocation | |||
|---|---|---|---|
| Asset Class | Long % | Short % | Net Assets |
| NotClassified | 84.81 | 0.00 | 84.81 |
| Cash | 6.19 | 0.00 | 6.19 |
| Bond | 5.37 | 0.00 | 5.37 |
| Stock US | 3.63 | 0.00 | 3.63 |
| Sector Weights | ||
|---|---|---|
| Sector | Equity % | Relative to Category |
| Utilities | 100.00 | 75.20 |
| World Regions | ||
|---|---|---|
| Region | Equity % | Relative to Category |
| North America | 100.00 | 93.44 |
| United Kingdom | 0.00 | 6.56 |