Preferred-Plus Holdings / Fund Details

Top Holdings

Data as of 12/31/18

CompanySector% Net Assets
Reinsurance Group of America Inc. 5.75% FixedInsurance2.58
GMAC Capital Trust I 8.125% PRF 15/02/2040 USD25State Banks2.53
CitiGroup Capital XIII 7.875% FX/FL TRUPS 30/10/40National Banks2.50
Huntington Bancshares 6.25% Perpetual PfdNational Banks2.50
Cohen & Steers Limited Duration PfdClosed-End Funds2.50
Regions Financial Corp. 6.375% Non Cum Rep 1/40 PERPNational Banks2.47
Morgan Stanley 6.875% PfdSecurity Brokers, Dealers, Flotation Companies2.44
NUVEEN Preferred & Income SEClosed-End Funds2.07
Flaherty & Crumrine Pfd Inc Fd ComClosed-End Funds1.15

Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation to buy, sell or hold any particular security. Weights may vary over time and holdings are subject to change without notice.

Sector Allocation

Data as of 12/31/18

  • Short-Term Investments - 82.79%
  • Insurance - 2.14%
  • National Banks - 6.20%
  • Security Brokers - 2.02%
  • State Banks - 2.10%
  • Closed-End Funds - 4.75%

Portfolio weights are subject to change without notice. Due to rounding, values might not add up to 100%.
Mutual fund investing involves risk. Principal loss is possible.
An investor should consider the investment objectives, risks, charges and expenses carefully before investing. A prospectus containing this and other information may be obtained by calling 1-800-869-1679 or clicking here. Please read the prospectus carefully before investing.
Distributed by Arbor Court Capital, LLC (Member FINRA)
Important Information
Expense Ratio as disclosed in the December 10, 2018 prospectus:
A Share
Gross Expense Ratio 3.07%
Net Expense Ratio 1.80%
I Share
Gross Expense Ratio 2.74%
Net Expense Ratio 1.55%
(1) Expense ratio as disclosed in the December 10, 2018 prospectus. Innovative Portfolios, LLC, the Fund’s investment advisor (the Advisor), has contractually agreed to waive its fee and/or reimburse expenses, at least through January 31, 2020, so that the Fund’s total annual operating expenses (excluding acquired fund fees and expenses, taxes and extraordinary expenses) do not exceed 1.75% for the class A shares and 1.50 for the class I shares.
(2) Par: Equal to the nominal or face value of a security. Par value has no relation to market value, the market price for a bond or preferred stock may be above or below par. Par value has importance with bonds and preferred stock, as preferred dividends and bond interest are normally stated as a percentage of the par value of a preferred stock or bond issue.
Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation to buy, sell or hold any particular security.
NAV per share is as of the prior day’s market close of regular trading on the NYSE, generally 4:00 p.m. Eastern time, on each day the NYSE is open for trading.
The Fund invests in options. All investment strategies carry risk, and transactions in options may carry a high degree of risk. Investors should carefully consider a Fund’s risks and investment objectives as an investment in a Fund may not be appropriate for all investors and is not designed to be a complete investment program. Investing in the Funds involves risk. It is possible that investing in the Funds may result in a loss. Before making an investment/allocation decision, investors and registered investment advisers (RIAs) allocating to clients’ account should consider the suitability of this investment with respect to such investor’s or client’s net worth, income, age, and risk tolerance. Investment should be avoided where an investor has a short-term investing time horizon and/or cannot bear the loss of some or all of their investment. Before investing in the Fund, investors and RIAs allocating to client’s account should read the discussion of risks of investing in the prospectus. You can obtain a prospectus by clicking here.
This material represents an assessment of the market environment at a specific point in time and should not be relied upon as investment advice, does not constitute a recommendation to buy or sell a security or other investment and is not intended to predict or depict performance of any investment. This material is not being provided in a fiduciary capacity and is not intended to recommend any investment policy or investment strategy or take into account the specific objectives or circumstances of any investor. Please consult with your investment, tax or legal adviser regarding your individual circumstances prior to investing.
The Funds are offered only to United States residents, and information on this site is intended only for such persons.