Instuitional Investor - Penn Mutual Asset Management, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Wells Fargo & Company	WFC	6,000	$7,204,800	13.83%
2.	Annaly Capital Management Inc	NLY	177,588	$3,606,812	6.92%
3.	Agnc Investment Corp.	AGNC	360,000	$3,448,800	6.62%
4.	Ishares Tr		97,300	$2,990,029	5.74%
5.	Armour Residential Reit Inc.	ARR	174,050	$2,976,255	5.71%