Location: Cedar Rapids, IA
CIK: 0001454937 · Show all filings
Period: Q2 2026 (← Previous)
Filing Date: Jul 17, 2026
Total Value: $140M (87.9% shares, 12.1% debt)
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| OPI | OFFICE PPTYS INCOME TR | 57,113 | $971K | 0.7% | $17.00 | $17.00 | — | COM OF BENEFICIA | 67623C307 |
| — | SOUTHERN CO | 700,000 | $707K | 0.5% | $1.01 | $1.01 | — | NOTE 3.250% 6/1 | 842587ED5 |
| — | BLOCK INC | 300,000 | $284K | 0.2% | $0.95 | $0.95 | — | NOTE 0.250%11/0 | 852234AK9 |
| — | INVESCO SR INCOME TR | 35,749 | $107K | 0.1% | $3.00 | $3.00 | — | COM | 46131H107 |
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| WW | WW INTL INC | 230,115 (+13.0%) | $3.677M (+31.4%) | 2.6% | $15.98 | $31.29 | — | COM NEW | 98262P200 |
| BKLN | INVESCO EXCH TRADED FD TR II | 45,500 (+44.4%) | $927K (+44.2%) | 0.7% | $20.37 | $20.85 | — | SR LN ETF | 46138G508 |
| VUG | VANGUARD INDEX FDS | 4,442 (+364.2%) | $383K (-8.5%) | 0.3% | $86.14 | $149.93 | — | GROWTH ETF | 922908736 |
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| — | DUKE ENERGY CORP NEW | 1,434,000 | $1.58M | 1.1% | $1.10 | $1.06 | — | — | 26441CBY0 |
| — | VENTAS RLTY LTD PARTNERSHIP | 761,000 | $1.132M | 0.8% | $1.49 | $1.21 | — | — | 92277GAZ0 |
| — | AMERICAN WTR CAP CORP | 500,000 | $499K | 0.4% | $1.00 | $0.99 | — | — | 03040WBE4 |
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| VTI | VANGUARD INDEX FDS | 274,915 (-1.8%) | $102M (+13.2%) | 72.8% | $370.04 | $99.66 | — | TOTAL STK MKT | 922908769 |
| — | HIGHLAND OPPS & INCOME FD | 47,619 (-40.0%) | $340K (-25.1%) | 0.2% | $7.13 | $6.36 | — | HIGHLAND INCOME | 43010E404 |
| BND | VANGUARD BD INDEX FDS | 39,665 (-1.5%) | $2.912M (-1.8%) | 2.1% | $73.41 | $79.21 | — | TOTAL BND MRKT | 921937835 |
| IHRT | IHEARTMEDIA INC | 25,000 (-46.5%) | $107K (-21.5%) | 0.1% | $4.29 | $3.99 | — | COM CL A | 45174J509 |
| SPHQ | INVESCO EXCHANGE TRADED FD T | 4,270 (-13.2%) | $385K (+4.0%) | 0.3% | $90.10 | $67.52 | — | S&P500 QUALITY | 46137V241 |
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| — | BANK OF AMER CORP | 2,248 | $2.823M | 2.0% | $1255.85 | $1445.41 | — | 7.25%CNV PFD L | 060505682 |
| — | EVERGY INC | 932,000 | $1.326M | 0.9% | $1.42 | $1.09 | — | NOTE 4.500%12/1 | 30034WAD8 |
| — | NEXTERA ENERGY CAP HLDGS INC | 621,000 | $816K | 0.6% | $1.31 | $1.15 | — | NOTE 3.000% 3/0 | 65339KCY4 |
| — | PPL CAP FDG INC | 1,122,000 | $1.273M | 0.9% | $1.14 | $0.96 | — | NOTE 2.875% 3/1 | 69352PAS2 |
| — | APOLLO GLOBAL MGMT INC | 22,713 | $1.363M | 1.0% | $60.02 | $56.49 | — | SER A MAND CNV | 03769M304 |
| — | MERITAGE HOMES CORP | 475,000 | $489K | 0.4% | $1.03 | $0.97 | — | NOTE 1.750% 5/1 | 59001ABF8 |
| — | KKR & CO INC | 37,400 | $1.466M | 1.0% | $39.20 | $53.22 | — | 6.25 CON SER D | 48251W500 |
| — | GLOBAL PMTS INC | 1,800,000 | $1.615M | 1.2% | $0.90 | $0.94 | — | NOTE 1.500% 3/0 | 37940XAU6 |
| — | SOUTHERN CO | 14,530 | $728K | 0.5% | $50.07 | $51.65 | — | UNIT 12/15/2028 | 842587842 |
| — | WELLS FARGO & CO | 2,870 | $3.333M | 2.4% | $1161.44 | $1493.00 | — | PERP PFD CNV A | 949746804 |
| — | NEXTERA ENERGY INC | 8,000 | $430K | 0.3% | $53.76 | $55.66 | — | UNIT 06/01/2027 | 65339F663 |
| — | CENTERPOINT ENERGY INC | 1,129,000 | $1.356M | 1.0% | $1.20 | $1.01 | — | NOTE 4.250% 8/1 | 15189TBD8 |
| — | PINNACLE WEST CAP CORP | 350,000 | $417K | 0.3% | $1.19 | $1.08 | — | NOTE 4.750% 6/1 | 723484AK7 |
| — | CMS ENERGY CORP | 905,000 | $1.01M | 0.7% | $1.12 | $1.07 | — | NOTE 3.375% 5/0 | 125896BX7 |
| EAF | GRAFTECH INTL LTD SR NT | 15,000 | $88,650 | 0.1% | $5.91 | $13.26 | — | COM NEW | 384313607 |
| — | UBER TECHNOLOGIES INC | 1,403,000 | $1.678M | 1.2% | $1.20 | $1.10 | — | NOTE 0.875%12/0 | 90353TAM2 |
| — | SOUTHERN CO | 750,000 | $826K | 0.6% | $1.10 | $1.10 | — | NOTE 4.500% 6/1 | 842587DZ7 |
| VGSH | VANGUARD SCOTTSDALE FDS | 13,500 | $786K | 0.6% | $58.20 | $58.22 | — | SHORT TERM TREAS | 92206C102 |
| CCO | CLEAR CHANNEL OUTDOOR HLDGS | 88,592 | $214K | 0.2% | $2.42 | $1.65 | — | COM | 18453H106 |
| SRLN | SSGA ACTIVE ETF TR | 26,300 | $1.06M | 0.8% | $40.29 | $41.80 | — | ST STR BL LN ETF | 78467V608 |
| — | CAPITAL SOUTHWEST CORP | 185,000 | $192K | 0.1% | $1.04 | $0.98 | — | NOTE 5.125%11/1 | 140501AE7 |
| — | ENVISTA HOLDINGS CORPORATION | 390,000 | $390K | 0.3% | $1.00 | $0.93 | — | NOTE 1.750% 8/1 | 29415FAD6 |
| HYG | ISHARES TR | 5,575 | $446K | 0.3% | $79.97 | $77.15 | — | IBOXX HI YD ETF | 464288513 |
| — | WEC ENERGY GROUP INC | 500,000 | $605K | 0.4% | $1.21 | $1.13 | — | NOTE 4.375% 6/0 | 92939UAP1 |
| — | EATON VANCE SR FLTNG RTE TR | 24,120 | $256K | 0.2% | $10.60 | $11.74 | — | COM | 27828Q105 |
| — | BLACKROCK CORPOR HI YLD FD I | 35,000 | $300K | 0.2% | $8.56 | $8.74 | — | COM | 09255P107 |
| — | EATON VANCE FLOATING RATE IN | 17,768 | $192K | 0.1% | $10.80 | $11.29 | — | COM | 278279104 |
| — | WESTERN ASSET HIGH INCOM FD | 60,614 | $240K | 0.2% | $3.96 | $4.47 | — | COM | 95766J102 |
| — | ARES MANAGEMENT CORPORATION | 22,700 | $825K | 0.6% | $36.33 | $53.41 | — | 6.75 SE B PFD | 03990B309 |
| — | WEC ENERGY GROUP INC | 500,000 | $620K | 0.4% | $1.24 | $1.15 | — | NOTE 4.375% 6/0 | 92939UAR7 |