Each N-PORT filing of KBWD compared with the one before: positions added and dropped, the largest weight changes, turnover. Computed by Mulden from the filings; dated by filing period and SEC receipt.https://themulden.com/enhttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 41: 1 added (0.22% of the fund), 0 dropped (0%). Turnover proxy 11.6%. Largest increases: FS KKR Capital Corp. 2.27% to 4.16%; New Mountain Finance Corp. 2.31% to 4.06%; Blue Owl Capital Inc. 0.57% to 1.93%; MidCap Financial Investment Corp. 2.24% to 3.34%; PennantPark Floating Rate Capital Ltd. 2.54% to 3.52%; Blue Owl Capital Corp. 2.18% to 3.04%. Largest decreases: CION Investment Corp. 2.53% to 0.98%; Invesco Mortgage Capital Inc. 5.13% to 3.7%; AGNC Investment Corp. 4.1% to 2.77%; Adamas Trust, Inc. 3.71% to 2.9%; Annaly Capital Management, Inc. 3.44% to 2.63%; Orchid Island Capital, Inc. 4.85% to 4.1%. New: Invesco Government & Agency Portfolio (0.22%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 30 Jul 2026 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 40: 8 added (14.85% of the fund), 8 dropped (15.65%). Turnover proxy 22.1%. Largest increases: Goldman Sachs BDC, Inc. 2.35% to 3.26%; Trinity Capital Inc. 2.76% to 3.67%; Adamas Trust, Inc. 2.8% to 3.71%; Arbor Realty Trust, Inc. 1.8% to 2.69%; Invesco Mortgage Capital Inc. 4.37% to 5.13%; Two Harbors Investment Corp. 3.31% to 4.04%. Largest decreases: ARMOUR Residential REIT, Inc. 5.16% to 4.01%; FS KKR Capital Corp. 3.25% to 2.27%; Flushing Financial Corp. 1.83% to 1.2%; Dynex Capital, Inc. 4.3% to 3.71%; BlackRock TCP Capital Corp. 2.77% to 2.23%; PennantPark Investment Corp. 2.63% to 2.1%. New: Redwood Trust, Inc. (2.7%), Franklin BSP Realty Trust, Inc. (2.48%), Nuveen Churchill Direct Lending Corp. (2.34%), Blue Owl Capital Corp. (2.18%), Crescent Capital BDC, Inc. (2%), UWM Holdings Corp. (1.32%). Gone: Ellington Financial Inc. (2.75%), Oaktree Specialty Lending Corp. (2.7%), Barings BDC, Inc. (2.33%), Fidus Investment Corp. (2.32%), Ready Capital Corp. (1.67%), OneMain Holdings, Inc. (1.62%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 28 Apr 2026 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/41 positions became 40: 0 added (0% of the fund), 1 dropped (0.17%). Turnover proxy 7%. Largest increases: ARMOUR Residential REIT, Inc. 3.51% to 5.16%; FS KKR Capital Corp. 2.37% to 3.25%; Western Union Co. (The) 1.97% to 2.64%; Dynex Capital, Inc. 3.69% to 4.3%; PennyMac Mortgage Investment Trust 2.72% to 3.25%; Oaktree Specialty Lending Corp. 2.18% to 2.7%. Largest decreases: Arbor Realty Trust, Inc. 3.25% to 1.8%; Ready Capital Corp. 2.23% to 1.67%; Lincoln National Corp. 1.46% to 0.96%; Trinity Capital Inc. 3.25% to 2.76%; CION Investment Corp. 3.47% to 3.01%; PennantPark Investment Corp. 3.06% to 2.63%. Gone: Invesco Government & Agency Portfolio (0.17%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 28 Jan 2026 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/41 positions became 41: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 6.6%. Largest increases: CION Investment Corp. 2.46% to 3.47%; Orchid Island Capital, Inc. 3.73% to 4.55%; Two Harbors Investment Corp. 2.63% to 3.35%; Annaly Capital Management, Inc. 2.84% to 3.45%; AGNC Investment Corp. 3.28% to 3.66%; Lincoln National Corp. 1.09% to 1.46%. Largest decreases: AllianceBernstein Holding L.P. 3.28% to 1.66%; FS KKR Capital Corp. 2.99% to 2.37%; BlackRock TCP Capital Corp. 3.05% to 2.46%; Artisan Partners Asset Management Inc. 2.11% to 1.62%; MidCap Financial Investment Corp. 2.92% to 2.44%; Franklin Resources, Inc. 1.87% to 1.46%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 28 Oct 2025 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 41: 1 added (0.08% of the fund), 0 dropped (0%). Turnover proxy 9.6%. Largest increases: AllianceBernstein Holding L.P. 1.96% to 3.28%; Arbor Realty Trust, Inc. 2.22% to 3%; Artisan Partners Asset Management Inc. 1.36% to 2.11%; Franklin Resources, Inc. 1.14% to 1.87%; Northwest Bancshares, Inc. 1.05% to 1.71%; Capitol Federal Financial, Inc. 0.99% to 1.54%. Largest decreases: Two Harbors Investment Corp. 4.19% to 2.63%; Orchid Island Capital, Inc. 4.53% to 3.73%; Goldman Sachs BDC, Inc. 3.15% to 2.37%; Ellington Financial Inc. 3.32% to 2.64%; Fidus Investment Corp. 2.92% to 2.26%; Trinity Capital Inc. 3.63% to 3.01%. New: Invesco Government & Agency Portfolio (0.08%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 28 Jul 2025 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 40: 15 added (35.43% of the fund), 15 dropped (30.5%). Turnover proxy 38.8%. Largest increases: Two Harbors Investment Corp. 2.75% to 4.19%; New York Mortgage Trust, Inc. 2.88% to 3.43%; Dynex Capital, Inc. 3.22% to 3.64%; Ellington Financial Inc. 2.91% to 3.32%; AGNC Investment Corp. 3.48% to 3.63%; MFA Financial, Inc. 2.59% to 2.72%. Largest decreases: OneMain Holdings, Inc. 2.55% to 1.57%; BlackRock TCP Capital Corp. 3.97% to 3.05%; Washington Trust Bancorp, Inc. 2.02% to 1.13%; FS KKR Capital Corp. 3.97% to 3.13%; Artisan Partners Asset Management Inc. 2.09% to 1.36%; First Interstate BancSystem, Inc. 1.78% to 1.12%. New: Invesco Mortgage Capital Inc. (4.6%), Orchid Island Capital, Inc. (4.53%), CION Investment Corp. (3.03%), Oaktree Specialty Lending Corp. (3.03%), PennyMac Mortgage Investment Trust (2.96%), Carlyle Secured Lending, Inc. (2.55%). Gone: Ares Commercial Real Estate Corp. (3.78%), Prospect Capital Corp. (3.28%), Runway Growth Finance Corp. (3.04%), Apollo Commercial Real Estate Finance, Inc. (3.01%), Eagle Bancorp, Inc. (2.91%), TPG RE Finance Trust, Inc. (2.79%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 25 Apr 2025 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/41 positions became 40: 0 added (0% of the fund), 1 dropped (0.42%). Turnover proxy 8.6%. Largest increases: BlackRock TCP Capital Corp. 2.45% to 3.97%; FS KKR Capital Corp. 2.97% to 3.97%; MidCap Financial Investment Corp. 1.97% to 2.9%; Trinity Capital Inc. 3.11% to 3.96%; Artisan Partners Asset Management Inc. 1.27% to 2.09%; OneMain Holdings, Inc. 2.05% to 2.55%. Largest decreases: MFA Financial, Inc. 3.69% to 2.59%; KKR Real Estate Finance Trust Inc. 3.22% to 2.13%; Two Harbors Investment Corp. 3.72% to 2.75%; New York Mortgage Trust, Inc. 3.64% to 2.88%; Northwest Bancshares, Inc. 2.23% to 1.6%; Washington Trust Bancorp, Inc. 2.57% to 2.02%. Gone: B. Riley Financial, Inc. (0.42%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 28 Jan 2025 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 41: 2 added (0.36% of the fund), 1 dropped (0.69%). Turnover proxy 11.8%. Largest increases: Capital Southwest Corp. 0.06% to 2.13%; Eagle Bancorp, Inc. 1.38% to 2.91%; New York Mortgage Trust, Inc. 2.2% to 3.64%; MFA Financial, Inc. 2.86% to 3.69%; KKR Real Estate Finance Trust Inc. 2.4% to 3.22%; Apollo Commercial Real Estate Finance, Inc. 2.71% to 3.51%. Largest decreases: B. Riley Financial, Inc. 3.43% to 0.42%; FS KKR Capital Corp. 3.88% to 2.97%; MidCap Financial Investment Corp. 2.72% to 1.97%; Ellington Financial Inc. 4.09% to 3.37%; BlackRock TCP Capital Corp. 3.16% to 2.45%; TPG RE Finance Trust, Inc. 3.54% to 2.85%. New: New York Community Bancorp, Inc. (0.33%), Invesco Government & Agency Portfolio (0.03%). Gone: New York Community Bancorp, Inc. (0.69%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 28 Oct 2024 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 40: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 10.6%. Largest increases: Ellington Financial Inc. 1.02% to 4.09%; FS KKR Capital Corp. 2.87% to 3.88%; BlackRock TCP Capital Corp. 2.18% to 3.16%; Two Harbors Investment Corp. 2.52% to 3.47%; Ares Commercial Real Estate Corp. 2.09% to 2.95%; Prospect Capital Corp. 2.7% to 3.2%. Largest decreases: ARMOUR Residential REIT, Inc. 6.5% to 3.42%; Capital Southwest Corp. 2.54% to 0.06%; B. Riley Financial, Inc. 4.59% to 3.43%; TPG RE Finance Trust, Inc. 4.36% to 3.54%; Lazard Inc. 1.82% to 1.3%; Western Union Co. (The) 1.98% to 1.61%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 29 Jul 2024 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/39 positions became 40: 15 added (33.01% of the fund), 14 dropped (31.03%). Turnover proxy 40.7%. Largest increases: B. Riley Financial, Inc. 0.76% to 4.59%; TPG RE Finance Trust, Inc. 2.72% to 4.36%; Ready Capital Corp. 1.3% to 2.58%; ARMOUR Residential REIT, Inc. 6.26% to 6.5%; AGNC Investment Corp. 3.51% to 3.75%; Dynex Capital, Inc. 2.88% to 3.12%. Largest decreases: Ellington Financial Inc. 3.55% to 1.02%; Two Harbors Investment Corp. 3.57% to 2.52%; Jackson Financial Inc. 2.27% to 1.27%; Goldman Sachs BDC, Inc. 3.46% to 2.64%; FS KKR Capital Corp. 3.59% to 2.87%; MFA Financial, Inc. 3.42% to 2.85%. New: Runway Growth Finance Corp. (3.31%), Fidus Investment Corp. (3.06%), Apollo Commercial Real Estate Finance, Inc. (2.86%), Prospect Capital Corp. (2.7%), Barings BDC, Inc. (2.66%), New York Mortgage Trust, Inc. (2.37%). Gone: Orchid Island Capital, Inc. (4.18%), CION Investment Corp. (3.4%), PennyMac Mortgage Investment Trust (3.39%), SLR Investment Corp. (2.91%), Bain Capital Specialty Finance, Inc. (2.78%), Chimera Investment Corp. (2.78%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 25 Apr 2024 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/39 positions became 39: 1 added (6.26% of the fund), 1 dropped (3.76%). Turnover proxy 13.1%. Largest increases: FS KKR Capital Corp. 2.81% to 3.59%; MFA Financial, Inc. 2.76% to 3.42%; Patria Investments Ltd. 1.2% to 1.86%; Ellington Financial Inc. 3.08% to 3.55%; Orchid Island Capital, Inc. 3.72% to 4.18%; Goldman Sachs BDC, Inc. 3.01% to 3.46%. Largest decreases: B. Riley Financial, Inc. 3.15% to 0.76%; Chimera Investment Corp. 4.82% to 2.78%; TPG RE Finance Trust, Inc. 3.62% to 2.72%; NewtekOne, Inc. 1.71% to 0.82%; Two Harbors Investment Corp. 4.29% to 3.57%; New York Community Bancorp, Inc. 1.59% to 1.15%. New: ARMOUR Residential REIT, Inc. (6.26%). Gone: ARMOUR Residential REIT, Inc. (3.76%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 29 Jan 2024 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/39 positions became 39: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 12%. Largest increases: Chimera Investment Corp. 3.02% to 4.82%; Jackson Financial Inc. 0.96% to 2.44%; TPG RE Finance Trust, Inc. 2.42% to 3.62%; Two Harbors Investment Corp. 3.12% to 4.29%; Lincoln National Corp. 1.07% to 2.12%; Central Pacific Financial Corp. 0.87% to 1.66%. Largest decreases: Ready Capital Corp. 3.66% to 1.2%; Annaly Capital Management, Inc. 4.46% to 2.97%; New York Community Bancorp, Inc. 2.54% to 1.59%; MFA Financial, Inc. 3.71% to 2.76%; ARMOUR Residential REIT, Inc. 4.69% to 3.76%; Patria Investments Ltd. 2.07% to 1.2%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 30 Oct 2023 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 39: 0 added (0% of the fund), 1 dropped (1.2%). Turnover proxy 9.4%. Largest increases: Ready Capital Corp. 2.6% to 3.66%; New York Community Bancorp, Inc. 1.7% to 2.54%; Ellington Financial Inc. 3.07% to 3.91%; Bain Capital Specialty Finance, Inc. 2.52% to 3.19%; Patria Investments Ltd. 1.44% to 2.07%; Annaly Capital Management, Inc. 3.82% to 4.46%. Largest decreases: NewtekOne, Inc. 2.81% to 1.09%; TPG RE Finance Trust, Inc. 3.66% to 2.42%; Two Harbors Investment Corp. 4.13% to 3.12%; Jackson Financial Inc. 1.77% to 0.96%; AGNC Investment Corp. 3.87% to 3.21%; CION Investment Corp. 3.28% to 2.81%. Gone: Argo Group International Holdings, Ltd. (1.2%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 28 Jul 2023 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/39 positions became 40: 18 added (43.16% of the fund), 17 dropped (37.05%). Turnover proxy 45.6%. Largest increases: AGNC Investment Corp. 3.11% to 3.87%; Two Harbors Investment Corp. 3.66% to 4.13%; Dynex Capital, Inc. 2.62% to 2.97%; ARMOUR Residential REIT, Inc. 4.32% to 4.65%; Annaly Capital Management, Inc. 3.54% to 3.82%; MidCap Financial Investment Corp. 2.82% to 3.01%. Largest decreases: Ready Capital Corp. 4.05% to 2.6%; Pennymac Mortgage Investment Trust 4.02% to 2.59%; OneMain Holdings, Inc. 3.78% to 2.61%; Northwest Bancshares, Inc. 1.91% to 1.17%; Artisan Partners Asset Management Inc. 2.25% to 1.51%; NewtekOne, Inc. 3.32% to 2.81%. New: Orchid Island Capital, Inc. (4.56%), MFA Financial, Inc. (3.72%), TPG RE Finance Trust, Inc. (3.66%), Trinity Capital Inc. (3.52%), CION Investment Corp. (3.28%), Chimera Investment Corp. (3.14%). Gone: Apollo Commercial Real Estate Finance, Inc. (3.93%), Oaktree Specialty Lending Corp. (3.15%), Rithm Capital Corp. (3.14%), Carlyle Secured Lending, Inc. (2.91%), Owl Rock Capital Corp. (2.86%), New Mountain Finance Corp. (2.74%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 28 Apr 2023 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/39 positions became 39: 2 added (7.19% of the fund), 2 dropped (7.97%). Turnover proxy 13.4%. Largest increases: OneMain Holdings, Inc. 2.22% to 3.78%; Rithm Capital Corp. 2.4% to 3.14%; Ready Capital Corp. 3.31% to 4.05%; Apollo Commercial Real Estate Finance, Inc. 3.26% to 3.93%; Pennymac Mortgage Investment Trust 3.46% to 4.02%; Prudential Financial, Inc. 1.32% to 1.75%. Largest decreases: Broadmark Realty Capital Inc. 3.22% to 2.54%; MidCap Financial Investment Corp. 3.45% to 2.82%; AGNC Investment Corp. 3.73% to 3.11%; FS KKR Capital Corp. 4.07% to 3.53%; ARMOUR Residential REIT, Inc. 4.84% to 4.32%; Bain Capital Specialty Finance, Inc. 3.04% to 2.62%. New: Two Harbors Investment Corp. (3.66%), Annaly Capital Management, Inc. (3.54%). Gone: Annaly Capital Management, Inc. (4.21%), Two Harbors Investment Corp. (3.75%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 30 Jan 2023 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/39 positions became 39: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 7.2%. Largest increases: MidCap Financial Investment Corp. 2.83% to 3.45%; The Bank of N.T. Butterfield & Son Ltd. 1.25% to 1.87%; Newtek Business Services Corp. 2.82% to 3.44%; Ellington Financial Inc. 2.97% to 3.57%; New York Community Bancorp, Inc. 1.7% to 2.17%; Northwest Bancshares, Inc. 1.73% to 2.2%. Largest decreases: Artisan Partners Asset Management Inc. 3.62% to 2.26%; Rithm Capital Corp. 3.49% to 2.4%; Two Harbors Investment Corp. 4.72% to 3.75%; Pennymac Mortgage Investment Trust 4.16% to 3.46%; Unum Group 1.87% to 1.22%; Dynex Capital, Inc. 3.58% to 2.95%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 31 Oct 2022 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 39: 0 added (0% of the fund), 1 dropped (1.45%). Turnover proxy 11.1%. Largest increases: Two Harbors Investment Corp. 3.31% to 4.72%; ARMOUR Residential REIT, Inc. 3.39% to 4.57%; Universal Insurance Holdings, Inc. 1.08% to 2.06%; PennyMac Mortgage Investment Trust 3.23% to 4.16%; Artisan Partners Asset Management, Inc. 2.71% to 3.62%; Annaly Capital Management, Inc. 3.11% to 3.99%. Largest decreases: Newtek Business Services Corp. 4.19% to 2.82%; James River Group Holdings Ltd. 1.52% to 0.24%; Ellington Financial, Inc. 3.85% to 2.97%; Owl Rock Capital Corp. 3.2% to 2.47%; Goldman Sachs BDC, Inc. 3.34% to 2.77%; Triton International Ltd. 1.81% to 1.28%. Gone: Sculptor Capital Management, Inc. (1.45%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 25 Jul 2022 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/39 positions became 40: 18 added (43.76% of the fund), 17 dropped (40.14%). Turnover proxy 45.2%. Largest increases: Unum Group 1.54% to 2.09%; Mercury General Corp. 1.42% to 1.79%; Apollo Commercial Real Estate Finance, Inc. 3.08% to 3.32%; Triton International Ltd. 1.68% to 1.81%; Artisan Partners Asset Management, Inc. 2.61% to 2.71%; FS KKR Capital Corp. 4.01% to 4.09%. Largest decreases: Annaly Capital Management, Inc. 3.71% to 3.11%; New Mountain Finance Corp. 3.56% to 2.96%; ARMOUR Residential REIT, Inc. 3.92% to 3.39%; Bain Capital Specialty Finance, Inc. 3.57% to 3.08%; Moelis & Co. 1.51% to 1.02%; TCG BDC, Inc. 3.59% to 3.2%. New: Ellington Financial, Inc. (3.85%), Ready Capital Corp. (3.52%), Two Harbors Investment Corp. (3.31%), PennyMac Mortgage Investment Trust (3.23%), Owl Rock Capital Corp. (3.2%), New Residential Investment Corp. (3.06%). Gone: Orchid Island Capital, Inc. (5.5%), Prospect Capital Corp. (3.84%), Hercules Capital, Inc. (3.53%), Chimera Investment Corp. (3.52%), Ares Capital Corp. (3.3%), Ares Commercial Real Estate Corp. (3.07%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Tue, 26 Apr 2022 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 39: 0 added (0% of the fund), 1 dropped (3.85%). Turnover proxy 7.9%. Largest increases: Newtek Business Services Corp. 2.53% to 4.42%; Virtu Financial, Inc. 0.98% to 1.78%; Prospect Capital Corp. 3.07% to 3.84%; Hercules Capital, Inc. 2.9% to 3.53%; Provident Financial Services, Inc. 1.24% to 1.75%; Northwest Bancshares, Inc. 2.02% to 2.47%. Largest decreases: Navient Corp. 1.73% to 0.92%; Ares Commercial Real Estate Corp. 3.5% to 3.07%; FS KKR Capital Corp. 4.45% to 4.01%; Chimera Investment Corp. 3.92% to 3.52%; Janus Henderson Group PLC 1.72% to 1.36%; Apollo Commercial Real Estate Finance, Inc. 3.44% to 3.08%. Gone: Capstead Mortgage Corp. (3.85%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Mon, 31 Jan 2022 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/39 positions became 40: 1 added (0.01% of the fund), 0 dropped (0%). Turnover proxy 6.8%. Largest increases: Orchid Island Capital, Inc. 3.98% to 5.07%; New York Community Bancorp, Inc. 1.67% to 2.3%; Triton International Ltd. 1.13% to 1.65%; ARMOUR Residential REIT, Inc. 3.02% to 3.51%; Moelis & Co. 1.36% to 1.83%; Apollo Investment Corp. 2.83% to 3.26%. Largest decreases: Newtek Business Services Corp. 4.09% to 2.53%; Navient Corp. 2.34% to 1.73%; Franklin Resources, Inc. 1.71% to 1.2%; Provident Financial Services, Inc. 1.74% to 1.24%; Heritage Commerce Corp. 2.09% to 1.62%; Prospect Capital Corp. 3.52% to 3.07%. New: Invesco Government & Agency Portfolio (0.01%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 29 Oct 2021 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 39: 0 added (0% of the fund), 1 dropped (2.33%). Turnover proxy 9.3%. Largest increases: Capstead Mortgage Corp. 2.72% to 3.61%; Goldman Sachs BDC, Inc. 2.46% to 3.23%; Newtek Business Services Corp. 3.33% to 4.09%; Annaly Capital Management, Inc. 2.86% to 3.62%; FS KKR Capital Corp. 3.64% to 4.39%; Artisan Partners Asset Management, Inc. 1.96% to 2.69%. Largest decreases: Prospect Capital Corp. 4.62% to 3.52%; Apollo Investment Corp. 3.65% to 2.83%; Flushing Financial Corp. 2.17% to 1.4%; New York Community Bancorp, Inc. 2.22% to 1.67%; Starwood Property Trust, Inc. 3.41% to 2.86%; Triton International Ltd. 1.62% to 1.13%. Gone: Waddell & Reed Financial, Inc. (2.33%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 30 Jul 2021 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 40: 14 added (36.83% of the fund), 14 dropped (28.09%). Turnover proxy 40%. Largest increases: Prospect Capital Corp. 3.81% to 4.62%; Waddell & Reed Financial, Inc. 1.78% to 2.33%; Virtu Financial, Inc. 0.88% to 1.26%; Mercury General Corp. 1.51% to 1.88%; Navient Corp. 1.95% to 2.27%; Apollo Global Management, Inc. 1.05% to 1.33%. Largest decreases: TCG BDC, Inc. 4.8% to 3.39%; New Mountain Finance Corp. 3.88% to 2.59%; Janus Henderson Group PLC 2.57% to 1.3%; BlackRock TCP Capital Corp. 3.93% to 2.76%; Apollo Commercial Real Estate Finance, Inc. 5.06% to 4.01%; FS KKR Capital Corp. 4.47% to 3.64%. New: Ares Commercial Real Estate Corp. (3.68%), Bain Capital Specialty Finance, Inc. (3.44%), Starwood Property Trust, Inc. (3.41%), Chimera Investment Corp. (3.3%), Arbor Realty Trust, Inc. (3.01%), Hercules Capital, Inc. (2.86%). Gone: PennantPark Investment Corp. (3.26%), Two Harbors Investment Corp. (3.16%), AGNC Investment Corp. (2.97%), Dynex Capital, Inc. (2.94%), Invesco Ltd. (2.6%), Bank of NT Butterfield & Son Ltd. (The) (2.36%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 29 Apr 2021 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 40: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 13%. Largest increases: Two Harbors Investment Corp. 1.27% to 3.16%; Janus Henderson Group PLC 1.52% to 2.57%; New Residential Investment Corp. 0.71% to 1.66%; TCG BDC, Inc. 3.89% to 4.8%; People's United Financial, Inc. 1.38% to 2.14%; Umpqua Holdings Corp. 1.73% to 2.47%. Largest decreases: Invesco Mortgage Capital, Inc. 8.4% to 0.79%; Dynex Capital, Inc. 4.09% to 2.94%; Annaly Capital Management, Inc. 4.59% to 3.5%; Navient Corp. 2.49% to 1.95%; Artisan Partners Asset Management, Inc. 2.67% to 2.16%; Waddell & Reed Financial, Inc. 2.2% to 1.78%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 29 Jan 2021 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 40: 4 added (8.77% of the fund), 4 dropped (7.96%). Turnover proxy 27.3%. Largest increases: Invesco Mortgage Capital, Inc. 0.84% to 8.4%; Apollo Commercial Real Estate Finance, Inc. 1.98% to 5.01%; ARMOUR Residential REIT, Inc. 1.92% to 4.05%; Annaly Capital Management, Inc. 3.1% to 4.59%; Navient Corp. 1.49% to 2.49%; Dynex Capital, Inc. 3.13% to 4.09%. Largest decreases: Apollo Global Management, Inc. 3.86% to 0.82%; BGC Partners, Inc. 2.62% to 0.36%; Moelis & Co. 2.65% to 0.68%; New Residential Investment Corp. 2.33% to 0.71%; Virtu Financial, Inc. 2.55% to 1.03%; Prospect Capital Corp. 4.75% to 3.39%. New: FS KKR Capital Corp. (4.14%), Unum Group (2.18%), People's United Financial, Inc. (1.38%), Ares Management Corp. (1.08%). Gone: FS KKR Capital Corp. (3.96%), New York Mortgage Trust, Inc. (2.02%), MFA Financial, Inc. (1.02%), Western Asset Mortgage Capital Corp. (0.96%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Fri, 30 Oct 2020 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 40: 0 added (0% of the fund), 0 dropped (0%). Turnover proxy 17.1%. Largest increases: Apollo Global Management, Inc. 1.35% to 3.86%; Prospect Capital Corp. 2.91% to 4.75%; Janus Henderson Group PLC 1.48% to 2.73%; Artisan Partners Asset Management, Inc. 2.63% to 3.81%; Waddell & Reed Financial, Inc. 1.64% to 2.72%; Bank of NT Butterfield & Son Ltd. (The) 1.27% to 2.21%. Largest decreases: Western Asset Mortgage Capital Corp. 3.67% to 0.96%; Invesco Mortgage Capital, Inc. 3.42% to 0.84%; MFA Financial, Inc. 3.07% to 1.02%; ARMOUR Residential REIT, Inc. 3.86% to 1.92%; New Residential Investment Corp. 4.04% to 2.33%; New York Mortgage Trust, Inc. 3.66% to 2.02%. Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Thu, 30 Jul 2020 12:00:00 GMThttps://themulden.com/funds/kbwd/https://themulden.com/funds/kbwd/40 positions became 40: 12 added (29.7% of the fund), 12 dropped (24.97%). Turnover proxy 32%. Largest increases: Orchid Island Capital, Inc. 4.79% to 5.32%; ARMOUR Residential REIT, Inc. 3.38% to 3.86%; Moelis & Co. 1.52% to 1.83%; Mercury General Corp. 1.11% to 1.42%; New York Mortgage Trust, Inc. 3.41% to 3.66%; Oxford Square Capital Corp. 2.56% to 2.7%. Largest decreases: Janus Henderson Group PLC 2.59% to 1.48%; FS KKR Capital Corp. 3.92% to 3.1%; BGC Partners, Inc. 3.23% to 2.42%; Dynex Capital, Inc. 3.95% to 3.36%; Two Harbors Investment Corp. 3.78% to 3.2%; AGNC Investment Corp. 3.89% to 3.4%. New: PennantPark Investment Corp. (3.37%), Newtek Business Services Corp. (3.07%), TCG BDC, Inc. (3.05%), Apollo Investment Corp. (3%), New Mountain Finance Corp. (2.98%), Prospect Capital Corp. (2.91%). Gone: Arlington Asset Investment Corp. (4.36%), AG Mortgage Investment Trust, Inc. (3.59%), Chimera Investment Corp. (2.9%), BlackRock Capital Investment Corp. (2.62%), Monroe Capital Corp. (2.33%), THL Credit, Inc. (2.27%). Weights are shares of the fund's own investments, securities-lending collateral excluded; positions matched on identifiers.Wed, 29 Apr 2020 12:00:00 GMT